Frijters, Paul; Leigh, Andrew - Research School of Economics, College of Business and … - 2005
This paper inserts Veblen’s (1898) concepts of conspicuous leisure and conspicuous consumption into a very simple model … conspicuous leisure, whose effect on utility depends on how observable leisure is. We let the visibility of leisure depend … conspicuous leisure and conspicuous consumption. If population turnover is high, individuals are made worse off, since the …