Feltovich, Nick; Ejebu, Ourega-Zoé - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 440-454
We investigate the effect of positional goods (goods for which one's consumption relative to others’ matters) on saving, based on results from a life-cycle consumption/saving experiment. In a Group treatment, we allow inter-personal comparisons by assigning subjects to groups and displaying...