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inefficiently low savings and growth because of external habits. In semi-endogenous models, consumption externalities have no growth …
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This paper analyses incomes and socioeconomic status of internal migrants over time and in comparison to their new neighbors and investigates whether status consumption is a way for newly arrived city dwellers to signal their social standing. Using a novel dataset from the emerging economy of...
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We employ a novel approach for analyzing the effects of relative consumption and relative wealth preferences on both the decentralized and the socially optimal economic growth rates. In the pertinent literature these effects are usually assessed by examining the dependence of the growth rates on...
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negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering … oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s … Resources and Sustainability -- 5 Two-Country Comparison: Norway versus Sweden.-6 Conclusion …
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