In dieser Analyse schätzen wir den Einfluss von Gewohnheits-(Habits) gegenüber Vergleichsmotiven (Envy) zur Erklärung …In this paper we estimate the relevance of habits versus interpersonal comparisons for the consumption behavior of U … (PSID) covering the time span from 1999 to 2009. We find that both habits, measured as lagged consumption, and envy motives …

Macroeconomic models often invoke consumption "habits" to explain the substantial persistence of macroeconomic … consumption growth. But a large literature has found no evidence of habits in the microeconomic datasets that measure the behavior …