We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household … the consumption level of all households who are perceived to be richer, on household savings and consumption. When …

the household is located in a former West or East German federal state. Married couples and couples with children are … are significant differences regarding the marital status, the presence of at least one child in the household and whether … closer to the acceptance of the hypothesis than unmarried couples without children. …

the household is located in a former West or East German federal state. Married couples and couples with children are … are significant differences regarding the marital status, the presence of at least one child in the household and whether … closer to the acceptance of the hypothesis than unmarried couples without children. …

of their practical importance for the measurement of inequality and poverty, a large number of methods for the estimation … this paper, we employ German household expenditure data to estimate exact equivalence scales using several parametric … inequality and poverty. We conclude that differences in estimation methods for equivalence scales might be less important than …

or more of their income. On average, every household saved a good 17 percent of their income in 2013. …

nonlinearities in household demand. Therefore, the econometric framework should not impose any strong restrictions on the functional … forms of household expenditure shares. The chosen semiparametric specification meets this requirement. It is flexible, it …