Aggregate and distributional effects of tax policy with interdependent preferences: the role of ``catching up with the Joneses

DOI10.1017/S1365100510000404zbMATH Open1219.91091OpenAlexW2128304365MaRDI QIDQ3089003FDOQ3089003

Authors: Murat Koyuncu, Stephen J. Turnovsky 

Publication date: 23 August 2011

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100510000404

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zbMATH Keywords

dynamicsgrowthincome inequalityinterdependent preferenceswealth inequality

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Welfare economics (91B15)

Cites Work

• Community Preference Fields
• Optimal Growth with Intertemporally Dependent Preferences
• Comparison utility in a growth model
• Relative consumption, economic growth, and taxation
• Consumption externalities: a representative consumer model when agents are heterogeneous
• Habit formation, catching up with the Joneses, and economic growth
• Deep Habits
• Distributional dynamics in a neoclassical growth model: the role of elastic labor supply

Cited In (5)

• Can progressive taxation account for cross-country variation in labor supply?
• Positional preferences and efficiency in a dynamic economy
• Optimal taxation in the presence of income-dependent relative income effects
• Keeping up with the neighbors: social interaction in a production economy
• Heterogeneous conformism and wealth distribution in a neoclassical growth model

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