We study a series of growth models in which households' preferences display `jealousy' or `external habits': a negative dependence on average consumption. We argue that accounting for consumption externalities in growth models requires consideration of both their static and dynamic effects. In a...

This paper explores the importance of the exercise of private and public power in the execution of contracts and defense of property rights at the local labor market level in the United States. Using Census microdata, we examine the rise of "Guard Labor"---classified as individuals employed in...

In our paper, "A Tale of Two Ginis" (Schneider and Tavani, 2016), we presented estimates for two indices of inequality for inequality at the top and the bottom of income distribution based on Jantzen and Volpert (2012). The estimates of the Gini for the bottom of the distribution were based on a...