The relative income hypothesis

DOI10.1016/J.JEDC.2011.03.012MaRDI QIDQ654598zbMATH OpenOpenAlexFDO

Authors Francisco Alvarez-Cuadrado, Ngo Van Long

Publication date 29 December 2011

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://cirano.qc.ca/files/publications/2008s-18.pdf

zbMATH Keywords

interpersonal comparisonspermanent income hypothesisrelative income hypothesis

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
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Cites work

• scientific article; zbMATH DE number 3051436 (Why is no real title available?)
• Consumption externalities: a representative consumer model when agents are heterogeneous
• Keeping up with the ageing Joneses
• Optimal Taxation when Consumers Have Endogenous Benchmark Levels of Consumption
• The General Theory of Employment, Interest, and Money

Cited in

(5)

• A theory of the saving rate of the rich
• The fight-or-flight response to the Joneses and inequality
• Existence and specific characters of rentiers: a savers-spenders theory approach
• Heterogeneous conformism and wealth distribution in a neoclassical growth model
• A model of relative deprivation

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