Search Results - subject:"Catching up with the Joneses"

The Joneses in Japan : income comparisons and financial satisfaction

Clark, Andrew E.; Senik-Leygonie, Claudia; Yamada, Katsunori - 2013

This paper uses Japanese data which includes measures of self-declared satisfaction, reference-group income, and the direction and intensity of income comparisons. Relative to Europeans, the Japanese compare more to friends and less to colleagues, and compare their incomes more. The relationship...

Persistent link: https://www.econbiz.de/10009728494

Social conflict, growth and factor shares

Tsoukis, Christopher; Tournemaine, Frederic - Volkswirtschaftliche Fakultät, … - 2010

Standard growth theory is based on atomistic agents with no strategic interactions among them. In contrast, we model growth as resulting from a one-off, strategic game between workers and owners of capital (capitalists) on factor shares, in an otherwise standard AK growth model. The resulting...

Persistent link: https://www.econbiz.de/10008564509

Habits and Endogenous Investment Fluctuations

Chen, Been-Lon; Hsu, Yu-Shan; Mino, Kazuo - Institute of Economic Research, Kyoto University - 2010

when the habit effect is negative with the "catching up with the Joneses"effect. …

Persistent link: https://www.econbiz.de/10008672488

Productivity Shocks and Delayed Exchange-Rate Overshooting

Pierdzioch, Christian - 2004

dynamics. The special features of the model are that households' preferences exhibit a 'catching up with the Joneses' effect …

Persistent link: https://www.econbiz.de/10010260479

On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy

Pierdzioch, Christian; Yener, Serkan - 2004

hump- shaped effect of output is likely to result if the model features a "catching up with the Joneses" effect, pricing …

Persistent link: https://www.econbiz.de/10010260498

Productivity shocks and delayed exchange-rate overshooting

Pierdzioch, Christian (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001936403

On Consumption Bunching under Campbell-Cochrane Habit Formation

Ljungqvist, Lars; Uhlig, Harald - Economics Institute for Research (SIR), … - 1999

, or "habit", which is in the spirit of "catching up with the Joneses" but with a novel nonlinear mapping of consumption …

Persistent link: https://www.econbiz.de/10005649464

Catching up with the Keynesians

Ljungqvist, Lars; Uhlig, Harald - Economics Institute for Research (SIR), … - 1998

This paper examines the role for tax policies in productivity-shock driven economies with "catching-up-with -the-Joneses … in recessions to keep consumption up. Thus, models with catching-up-with-the-Joneses utility functions call for … version of the benchmark level in the catching-up-with-the-Joneses preferences has the implication that consumption bunching …

Persistent link: https://www.econbiz.de/10005649329