Wealth inequality under “keeping up with the Joneses” preferences
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DOI: 10.1016/j.econlet.2016.06.035
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More about this item
Keywords
‘‘Keeping up with the Joneses”; Consumption cascades; Heterogeneous agents; Wealth inequality;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
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