Relative consumption, relative wealth and growth

DOI10.1016/J.ECONLET.2008.02.018MaRDI QIDQ1934875zbMATH OpenOpenAlexFDO

Authors Frederic Tournemaine, Christopher Tsoukis

Publication date 29 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2008.02.018

zbMATH Keywords

growthrelative consumptionrelative wealthsocial aspirations

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Conspicuous consumption, economic growth, and taxation
• Habit formation, catching up with the Joneses, and economic growth
• Idle worship
• On relative wealth effects and the optimality of growth
• Relative consumption, economic growth, and taxation

Cited in

(24)

• Status-seeking behavior, the evolution of income inequality, and growth
• Relative deprivation, wealth inequality and economic growth
• Status, affluence, and inequality: rank-based comparisons in games of status
• Comparison utility in a growth model
• Growth and the relativity of satisfaction
• Conspicuous consumption, economic growth, and taxation
• Falling behind the Joneses: relative consumption and the growth--savings paradox
• On relative wealth effects and the optimality of growth
• Relative consumption, economic growth, and taxation
• The impact of a reference point determined by social comparison on wealth growth and inequality
• Keeping up with or running away from the Joneses: the Barro model revisited
• Relative wealth, consumption taxation, and economic growth
• Growth, pensions, and the aging Joneses
• Social conflict, growth and factor shares
• Growth, stagnation and status preference
• Relative wealth, growth, and transitional dynamics: the small open economy case
• Happiness due to consumption and its increases, wealth and status
• National Wealth and Net National Product
• Relative concerns on visible consumption: a source of economic distortions
• A Paradox of Economic Growth and Relative Deprivation
• Positional preferences and efficiency in a dynamic economy
• Relative deprivation, time preference, and economic growth
• Social comparison with ambiguity: an investment and consumption game
• The quest for status and endogenous labor supply: the relative wealth framework

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