Choosing the Joneses: Endogenous Goals and Reference Standards
Author
Abstract
Suggested Citation
DOI: 10.1111/j.0347-0520.2004.00370.x
Download full text from publisher
Other versions of this item:
- Falk, Armin & Knell, Markus, 2004. "Choosing the Joneses: Endogenous Goals and Reference Standards," CEPR Discussion Papers 4459, C.E.P.R. Discussion Papers.
- Falk, Armin & Knell, Markus, 2004. "Choosing the Joneses: Endogenous Goals and Reference Standards," IZA Discussion Papers 1152, Institute of Labor Economics (IZA).
References listed on IDEAS
- Neumark, David & Postlewaite, Andrew, 1998.
"Relative income concerns and the rise in married women's employment,"
Journal of Public Economics, Elsevier, vol. 70(1), pages 157-183, October.
- David Neumark & Andrew Postlewaite, 1995. "Relative Income Concerns and the Rise in Married Women's Employment," NBER Working Papers 5044, National Bureau of Economic Research, Inc.
- Christopher D Carroll, 1997.
"Why Do the Rich Save So Much?,"
Economics Working Paper Archive
388, The Johns Hopkins University,Department of Economics.
- Christopher D. Carroll, 1998. "Why Do the Rich Save So Much?," NBER Working Papers 6549, National Bureau of Economic Research, Inc.
- George J. Borjas, 2021.
"The Economic Benefits from Immigration,"
World Scientific Book Chapters, in: Foundational Essays in Immigration Economics, chapter 13, pages 411-430,
World Scientific Publishing Co. Pte. Ltd..
- George J. Borjas, 1995. "The Economic Benefits from Immigration," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 3-22, Spring.
- George J. Borjas, 1994. "The Economic Benefits from Immigration," NBER Working Papers 4955, National Bureau of Economic Research, Inc.
- Michael J. Boskin & Eytan Sheshinski, 1978. "Optimal Redistributive Taxation When Individual Welfare Depends upon Relative Income," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(4), pages 589-601.
- Cooper, Ben & Garcia-Penalosa, Cecilia & Funk, Peter, 2001.
"Status Effects and Negative Utility Growth,"
Economic Journal, Royal Economic Society, vol. 111(473), pages 642-665, July.
- Cooper, B. & Garcia-Penalosa, C., 1998. "Status Effects and Neganive Utility Growth," Economics Papers 150, Economics Group, Nuffield College, University of Oxford.
- John Y. Campbell & John Cochrane, 1999.
"Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior,"
Journal of Political Economy, University of Chicago Press, vol. 107(2), pages 205-251, April.
- John Y. Campbell & John H. Cochrane, 1994. "By force of habit: a consumption-based explanation of aggregate stock market behavior," Working Papers 94-17, Federal Reserve Bank of Philadelphia.
- Campbell, John & Cochrane, John H., 1999. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," Scholarly Articles 3119444, Harvard University Department of Economics.
- John Y. Campbell & John H. Cochrane, 1995. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," NBER Working Papers 4995, National Bureau of Economic Research, Inc.
- John Y. Campbell & John H. Cochrane, 1994. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," CRSP working papers 412, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- MacCulloch, Robert, 1999.
"What makes a revolution?,"
ZEI Working Papers
B 24-1999, University of Bonn, ZEI - Center for European Integration Studies.
- Robert MacCulloch, 2001. "What Makes a Revolution?," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 30, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- MacCulloch, Robert, 2001. "What makes a revolution?," LSE Research Online Documents on Economics 6649, London School of Economics and Political Science, LSE Library.
- Stark, Oded & Taylor, J Edward, 1991.
"Migration Incentives, Migration Types: The Role of Relative Deprivation,"
Economic Journal, Royal Economic Society, vol. 101(408), pages 1163-1178, September.
- Stark, Oded & Taylor, J. Edward, 1990. "Migration Incentives, Migration Types: The Role Of Relative Deprivation," Working Papers 225854, University of California, Davis, Department of Agricultural and Resource Economics.
- Clark, Andrew E. & Oswald, Andrew J., 1996.
"Satisfaction and comparison income,"
Journal of Public Economics, Elsevier, vol. 61(3), pages 359-381, September.
- Clark, Andrew E & Oswald, Andrew J, 1993. "Satisfaction and Comparison Income," Economics Discussion Papers 10018, University of Essex, Department of Economics.
- Clark, Andrew E. & Oswald, Andrew J., 1994. "Satisfaction and comparison income," CEPREMAP Working Papers (Couverture Orange) 9408, CEPREMAP.
- Easterlin, Richard A., 1974. "Does Economic Growth Improve the Human Lot? Some Empirical Evidence," MPRA Paper 111773, University Library of Munich, Germany.
- George J. Borjas, 1994. "The Economics of Immigration," Journal of Economic Literature, American Economic Association, vol. 32(4), pages 1667-1717, December.
- Markus Knell, 1999.
"Social Comparisons, Inequality, and Growth,"
Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(4), pages 664-664, December.
- Markus Knell, "undated". "Social Comparisons, Inequality, and Growth," IEW - Working Papers 005, Institute for Empirical Research in Economics - University of Zurich.
- Uri Gneezy & Muriel Niederle & Aldo Rustichini, 2003. "Performance in Competitive Environments: Gender Differences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(3), pages 1049-1074.
- Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
- Olof Johansson-Stenman & Fredrik Carlsson & Dinky Daruvala, 2002. "Measuring Future Grandparents" Preferences for Equality and Relative Standing," Economic Journal, Royal Economic Society, vol. 112(479), pages 362-383, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Armin Falk & Markus Knell, "undated". "Choosing the Joneses On the Endogeneity of Reference Groups," IEW - Working Papers 053, Institute for Empirical Research in Economics - University of Zurich.
- Andrew E. Clark & Paul Frijters & Michael A. Shields, 2006.
"Income and happiness: Evidence, explanations and economic implications,"
PSE Working Papers
halshs-00590436, HAL.
- Andrew E. Clark & Paul Frijters & Michael A. Shields, 2006. "Income and happiness: Evidence, explanations and economic implications," Working Papers halshs-00590436, HAL.
- Erzo F. P. Luttmer, 2005.
"Neighbors as Negatives: Relative Earnings and Well-Being,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(3), pages 963-1002.
- Luttmer, Erzo F. P., 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," Working Paper Series rwp04-029, Harvard University, John F. Kennedy School of Government.
- Erzo F.P. Luttmer, 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," NBER Working Papers 10667, National Bureau of Economic Research, Inc.
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006.
"The Power of Positional Concerns: A Panel Analysis,"
CREMA Working Paper Series
2006-19, Center for Research in Economics, Management and the Arts (CREMA).
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2007. "The Power of Positional Concerns: A Panel Analysis," NCER Working Paper Series 11, National Centre for Econometric Research.
- Torgler, Benno & Schmidt, Sascha L & Frey, Bruno S., 2006. "The Power of Positional Concerns: A Panel Analysis," Berkeley Olin Program in Law & Economics, Working Paper Series qt1z14v7zt, Berkeley Olin Program in Law & Economics.
- Tom Truyts, 2010. "Social Status In Economic Theory," Journal of Economic Surveys, Wiley Blackwell, vol. 24(1), pages 137-169, February.
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006.
"Relative Income Position And Performance: An Empirical Panel Analysis,"
IEW - Working Papers
268, Institute for Empirical Research in Economics - University of Zurich.
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006. "Relative Income Position and Performance: An Empirical Panel Analysis," CREMA Working Paper Series 2006-03, Center for Research in Economics, Management and the Arts (CREMA).
- Torgler, Benno & Schmidt, Sascha L. & Frey, Bruno S., 2006. "Relative Income Position and Performance: An Empirical Panel Analysis," Economic Theory and Applications Working Papers 12180, Fondazione Eni Enrico Mattei (FEEM).
- Benno Torgler & Sascha L. Schmidt & Bruno S. Frey, 2006. "Relative Income Position and Performance: An Empirical Panel Analysis," Working Papers 2006.39, Fondazione Eni Enrico Mattei.
- Justina A.V. Fischer & Benno Torgler, 2006.
"Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital,"
University of St. Gallen Department of Economics working paper series 2006
2006-04, Department of Economics, University of St. Gallen.
- Fischer, Justina A. V. & Torgler, Benno, 2006. "Does envy destroy social fundamentals? The impact of relative income position on social capital," LSE Research Online Documents on Economics 6640, London School of Economics and Political Science, LSE Library.
- Justina A.V. Fischer & Benno Torgler, 2006. "Does Envy Destroy Social Fundamentals? The Impact Of Relative Income Position On Social Capital," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 46, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Justina A.V. Fischer & Benno Torgler, 2006. "Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital," CREMA Working Paper Series 2006-04, Center for Research in Economics, Management and the Arts (CREMA).
- Benno Torgler & Justina A.V. Fischer, 2006. "Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital," Working Papers 2006.38, Fondazione Eni Enrico Mattei.
- Corazzini, Luca & Esposito, Lucio & Majorano, Francesca, 2012.
"Reign in hell or serve in heaven? A cross-country journey into the relative vs absolute perceptions of wellbeing,"
Journal of Economic Behavior & Organization, Elsevier, vol. 81(3), pages 715-730.
- Luca Corazzini, Lucio Esposito, Francesca Majorano., 2010. "Reign in Hell or Serve in Heaven? A Cross-country Journey into the Relative vs Absolute Perceptions of Wellbeing," ISLA Working Papers 36, ISLA, Centre for research on Latin American Studies and Transition Economies, Universita' Bocconi, Milano, Italy.
- Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini, 2012.
"Social Decision Theory: Choosing within and between Groups,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(4), pages 1591-1636.
- Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini, 2008. "Social Decision Theory: Choosing within and between Groups," Carlo Alberto Notebooks 71, Collegio Carlo Alberto.
- Brown, Gordon D. A. & Gardner, Jonathan & Oswald, Andrew J. & Qian, Jing, 2005. "Does Wage Rank Affect Employees' Wellbeing?," IZA Discussion Papers 1505, Institute of Labor Economics (IZA).
- Markus Schaffner & Benno Torgler, 2008. "Meet the Joneses: An Empirical Investigation of Reference Groups in Relative Income Position Comparisons," CREMA Working Paper Series 2008-13, Center for Research in Economics, Management and the Arts (CREMA).
- Markus Schaffner & Benno Torgler, 2008.
"Meet the Joneses: An Empirical Investigation of Reference Groups in Relative Income Position Comparisons,"
CREMA Working Paper Series
2008-13, Center for Research in Economics, Management and the Arts (CREMA).
- Markus Schaffner & Benno Torgler, 2008. "Meet the Joneses: An Empirical Investigation of Reference Groups in Relative Income Position Comparisons," School of Economics and Finance Discussion Papers and Working Papers Series 234, School of Economics and Finance, Queensland University of Technology, revised 17 Jun 2008.
- Duclos, Jean-Yves, 2006.
"Liberté ou égalité?,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 82(4), pages 441-476, décembre.
- Jean-Yves Duclos, 2006. "Liberté ou égalité?," Cahiers de recherche 0630, CIRPEE.
- Blanchflower, David G. & Oswald, Andrew J., 2004.
"Well-being over time in Britain and the USA,"
Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
- David G. Blanchflower & Andrew J. Oswald, 2000. "Well-Being Over Time in Britain and the USA," NBER Working Papers 7487, National Bureau of Economic Research, Inc.
- Blanchflower, David G. & Oswald, Andrew J., 2001. "Well-Being Over Time in Britain and the USA," The Warwick Economics Research Paper Series (TWERPS) 616, University of Warwick, Department of Economics.
- Blanchflower, David G. & Oswald, Andrew J., 2001. "Well-Being Over Time in Britain and the USA," Economic Research Papers 269386, University of Warwick - Department of Economics.
- Stutzer, Alois, 2004.
"The role of income aspirations in individual happiness,"
Journal of Economic Behavior & Organization, Elsevier, vol. 54(1), pages 89-109, May.
- Alois Stutzer, "undated". "The Role of Income Aspirations in Individual Happiness," IEW - Working Papers 124, Institute for Empirical Research in Economics - University of Zurich.
- Nicolas L. Bottan & Ricardo Perez-Truglia, 2022.
"Choosing Your Pond: Location Choices and Relative Income,"
The Review of Economics and Statistics, MIT Press, vol. 104(5), pages 1010-1027, December.
- Nicolas L. Bottan & Ricardo Perez-Truglia, 2017. "Choosing Your Pond: Location Choices and Relative Income," NBER Working Papers 23615, National Bureau of Economic Research, Inc.
- Armenak Antinyan & Luca Corazzini, 2018.
"Relative standing and temporary migration: Empirical evidence from the South Caucasus,"
Review of Development Economics, Wiley Blackwell, vol. 22(1), pages 361-383, February.
- Armenak Antinyan & Luca Corazzini, 2016. "Relative Standing and Temporary Migration: Empirical Evidence from the South Caucasus," LIUC Papers in Economics 293, Cattaneo University (LIUC).
- Adrian de la Garza & Giovanni Mastrobuoni & Atsushi Sannabe & Katsunori Yamada, 2010.
"The Relative Utility Hypothesis With and Without Self-reported Reference Wages,"
ISER Discussion Paper
0798, Institute of Social and Economic Research, Osaka University, revised Jul 2012.
- Yamada Katsunori & Sannabe Atsushi & Mastrobuoni Giovanni & De la Garza Adrián, 2010. "The Relative Utility Hypothesis With and Without Self-reported Reference Wages," Working Papers 2010-19, Banco de México.
- Adrian de la Garza & Giovanni Mastrobuoni & Atsushi Sannabe & Katsunori Yamada, 2010. "The Relative Utility Hypothesis With and Without Self-reported Reference Wages," Carlo Alberto Notebooks 159, Collegio Carlo Alberto.
- Francisco Alvarez-Cuadrado & Ngo Van Long, 2008. "Relative Consumption and Resource Extraction," CIRANO Working Papers 2008s-27, CIRANO.
- repec:grz:wpaper:2013-01 is not listed on IDEAS
- Markus Knell, 2010.
"The Optimal Mix Between Funded and Unfunded Pension Systems When People Care About Relative Consumption,"
Economica, London School of Economics and Political Science, vol. 77(308), pages 710-733, October.
- Markus Knell, 2008. "The Optimal Mix Between Funded and Unfunded Pensions System When People Care About Relative Consumption," Working Papers 146, Oesterreichische Nationalbank (Austrian Central Bank).
More about this item
JEL classification:
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:scandj:v:106:y:2004:i:3:p:417-435. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.