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relative income and emulation. …
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Persistent link: https://www.econbiz.de/10015065825
We investigate the importance of Veblen effects on work hours, namely the manner in which a desire to emulate the consumption standards of the rich influences individuals’ allocation of time between labor and leisure. Our model of the choice of work hours captures Veblen effects by taking...
Persistent link: https://www.econbiz.de/10005704500
We investigate the importance of Veblen effects on work hours, namely the manner in which a desire to emulate the consumption standards of the rich influences individuals' allocation of time between labor and leisure. Our model of the choice of work hours captures Veblen effects by taking...
Persistent link: https://www.econbiz.de/10005837733
); third, the ambiguous linkage could be explained on one hand by the positive role of emulation and reciprocity behaviors and …
Persistent link: https://www.econbiz.de/10005796625
cost of effort. This cost is inversely proportional to an `emulation function' that depends on the training undertaken by …, as coaches did. We show that in many circumstances the emulation process reverses our naive intuition. There are now two … distinct ways of prodding children to success: direct coaching, and emulation through sibling rivalry. Nous présentons un …
Persistent link: https://www.econbiz.de/10005100585
We model the emulation between two athletes whose goals are fixed by their coaches. The coaches in turn engage in a … gap, however, result in poorer performance of both. Nous étudions un phénomène d'émulation entre deux athlètes pour qui …
Persistent link: https://www.econbiz.de/10005100702
Since Zimbabwean independence in 1980, a small percentage of the black population has become wealthy. This paper and a companion video explore the consumption patterns of members of this new black elite in post-colonial Zimbabwe. Given the violent war of independence and the avowedly socialist...
Persistent link: https://www.econbiz.de/10005677387
We investigate Veblen effects on work hours, namely the way that a desire to emulate the consumption standards of the rich induces longer work hours among the rest. Consistent with our model of these asymmetric social comparisons, greater inequality predicts longer work hours in ten OECD...
Persistent link: https://www.econbiz.de/10005533157