Tournemaine, Frédéric; Tsoukis, Christopher - In: Oxford Economic Papers 61 (2009) 3, pp. 467-493
This paper develops a simple endogenous growth model of human capital accumulation with social status effects. These include status from job quality, as indicated by their relative level of education, as well as 'keeping up with the Joneses' in consumption. Symmetrically held, social aspirations...