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Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307 … in 1990-1999 envy has been the dominant concern in West Germany and signaling the dominant factor in East Germany, income …
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Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307 … that, while in 1990 - 1999 envy has been the dominant concern in West Germany and signaling the dominant factor in East …
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We take into account that envy (relative consumption concerns) is more pronounced in the present than in the future. We … exogenous parameters. Agents' preferences exhibit present-biased envy: agents are naive and care about how their consumption … levels compare to that of others in the current period. Our results suggest that present-biased envy affects both the level …
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This article explores the variation in the wage distributions of two Latin American countries, Bolivia and Colombia, which have had different political and economic strategies in recent years. Using data from household surveys, a decomposition of the wage distribution in each country using...
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