Status in a canonical macro model: labour supply, growth, and inequality

We introduce status in the most standard (canonical) macro model that is able to provide an analysis of growth and distribution. We consider the question of whether status considerations enable the model to meet some important empirical findings (which we review) related to rising labour supply (the work-life balance), rising income inequality, and changing factor shares. We find a promising role for status in the explanation of these empirical regularities.

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Year of publication:	2010-07
Authors:	Tsoukis, Christopher ; Tournemaine, Frederic

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Tsoukis, Christopher and Tournemaine, Frederic (2010): Status in a canonical macro model: labour supply, growth, and inequality.
Classification:	O41 - One, Two, and Multisector Growth Models ; E25 - Aggregate Factor Income Distribution ; E21 - Consumption; Saving
Source:	BASE

Persistent link: https://www.econbiz.de/10015224132