Keeping up with the ageing Joneses

DOI10.1016/j.jedc.2008.04.010zbMath1170.91428OpenAlexW2139367568MaRDI QIDQ2271606

Walter H. Fisher, Ben J. Heijdra

Publication date: 7 August 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.502.8474

zbMATH Keywords

overlapping generationsrelative consumptiondemographic shocks

Mathematics Subject Classification ID

Linearizations (93B18) Consumer behavior, demand theory (91B42)

Related Items

Deviant generations, Ricardian equivalence, and growth cycles ⋮ The relative income hypothesis ⋮ GROWTH AND KEEPING UP WITH THE JONESES ⋮ GROWTH, PENSIONS, AND THE AGING JONESES

Cites Work

• The quest for status and endogenous labor supply: the relative wealth framework
• Population ageing and pension reform in a small open economy with non-traded goods
• Conspicuous consumption, economic growth, and taxation
• On relative wealth effects and the optimality of growth
• Relative consumption, economic growth, and taxation
• Habit formation, catching up with the Joneses, and economic growth
• Human capital formation and macroeconomic performance in an ageing small open economy
• Optimal Taxation when Consumers Have Endogenous Benchmark Levels of Consumption
• THE MACROECONOMIC DYNAMICS OF DEMOGRAPHIC SHOCKS
• Optimal Growth with Intertemporally Dependent Preferences