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Keeping one step ahead of the Joneses: Status, the distribution of wealth, and long run growth

Citations

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Cited by:

  1. Thomas Aronsson & Sugata Ghosh & Ronald Wendner, 2023. "Positional preferences and efficiency in a dynamic economy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 61(2), pages 311-337, August.
  2. Yamada, Katsunori & Sato, Masayuki, 2013. "Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
  3. repec:grz:wpaper:2015-03 is not listed on IDEAS
  4. Chu, Angus C. & Fan, Haichao & Wang, Xilin, 2020. "Status-seeking culture and development of capitalism," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 275-290.
  5. Shinsuke Ikeda, 2006. "Luxury And Wealth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(2), pages 495-526, May.
  6. Kawagishi, Taketo & Nakamoto, Yasuhiro, 2016. "Dynamic Analysis of Health Status in a Small Open Economy," MPRA Paper 73859, University Library of Munich, Germany.
  7. Fisher, Walter H. & Heijdra, Ben J., 2009. "Keeping up with the ageing Joneses," Journal of Economic Dynamics and Control, Elsevier, vol. 33(1), pages 53-64, January.
  8. Stark, Oded, 2019. "Behavior in reverse: reasons for return migration," Behavioural Public Policy, Cambridge University Press, vol. 3(1), pages 104-126, May.
  9. Kontogiannis, Nikolaos & Litina, Anastasia & Varvarigos, Dimitrios, 2019. "Occupation-induced status, social norms, and economic growth," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 348-360.
  10. Schünemann, Johannes & Trimborn, Timo, 2023. "Boosting taxes for boasting about houses? Status concerns in the housing market," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 120-143.
  11. Tournemaine, frederic & Tsoukis, Chris, 2008. "Status, endogenous reference standards, and the growth-inequality relation: A note," MPRA Paper 10420, University Library of Munich, Germany.
  12. Hof, Franz X. & Prettner, Klaus, 2019. "The quest for status and R&D-based growth," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 290-307.
  13. Hof, Franz X. & Prettner, Klaus, 2019. "Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?," Hohenheim Discussion Papers in Business, Economics and Social Sciences 12-2019, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
  14. Ghosh, Sugata & Wendner, Ronald, 2014. "Positional Preferences, Endogenous Growth, and Optimal Income- and Consumption Taxation," MPRA Paper 60337, University Library of Munich, Germany.
  15. Ryu‐ichiro Murota & Yoshiyasu Ono, 2011. "Growth, Stagnation And Status Preference," Metroeconomica, Wiley Blackwell, vol. 62(1), pages 122-149, February.
  16. Kei Hosoya, 2002. "Non-separable utility, wealth effects, and economic growth in a monetary economy," Economics Bulletin, AccessEcon, vol. 15(10), pages 1-7.
  17. Chang, Wen-ya & Tsai, Hsueh-fang & Lai, Ching-chong, 2004. "Taxation, growth, and the spirit of capitalism," European Journal of Political Economy, Elsevier, vol. 20(4), pages 1011-1025, November.
  18. Wen‐Ya Chang & Ying‐An Chen & Ming‐Ruey Kao, 2008. "Social Status, Education And Government Spending In A Two‐Sector Model Of Endogenous Growth," The Japanese Economic Review, Japanese Economic Association, vol. 59(1), pages 99-112, March.
  19. Holger Strulik, 2015. "How Status Concerns Can Make Us Rich and Happy," Economica, London School of Economics and Political Science, vol. 82, pages 1217-1240, December.
  20. Walter H. Fisher, 2005. "Current Account Dynamics in a Small Open‐Economy Model of Status Seeking," Review of International Economics, Wiley Blackwell, vol. 13(2), pages 262-282, May.
  21. Pascal St-Amour, 2005. "Direct Preference Wealth in Aggregate Household Portfolios," FAME Research Paper Series rp136, International Center for Financial Asset Management and Engineering.
  22. Fisher, Walter H. & Hof, Franz X., 2000. "Conspicious Consumption, Economic Growth, and Taxation: A Generalization," Economics Series 77, Institute for Advanced Studies.
  23. Dimitrios Varvarigos & Nikolaos Kontogiannis, 2017. "Entrepreneurial Status, Social Norms, and Economic Growth," Discussion Papers in Economics 17/05, Division of Economics, School of Business, University of Leicester.
  24. Tournemaine, Frederic & Tsoukis, Christopher, 2010. "Gain versus pain from status and ambition: Effects on growth and inequality," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 286-294, April.
  25. Yoshiyasu Ono & Katsunori Yamada, 2018. "Difference or Ratio: Implications of Status Preference on Stagnation," Australian Economic Papers, Wiley Blackwell, vol. 57(3), pages 346-362, September.
  26. Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Status and Multiple Growth Regimes," IEAS Working Paper : academic research 07-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan.
  27. Hayakawa, Hiroaki, 2000. "Bounded rationality, social and cultural norms, and interdependence via reference groups," Journal of Economic Behavior & Organization, Elsevier, vol. 43(1), pages 1-34, September.
  28. Ono, Y., 2001. "Growth or Stagnation: Economic Consequences of Status Preference," ISER Discussion Paper 0524, Institute of Social and Economic Research, Osaka University.
  29. Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou, 2023. "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 346-372, January.
  30. Oded STARK & Krzysztof SZCZYGIELSKI, 2019. "The Likelihood of Divorce and the Riskiness of Financial Decisions," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 85(3), pages 209-229, September.
  31. Ed Hopkins, 2008. "Inequality, happiness and relative concerns: What actually is their relationship?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 6(4), pages 351-372, December.
  32. Kosuke Hirose & Toshihiro Matsumura, 2016. "Payoff interdependence and the multi-store paradox," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 23(3), pages 256-267, July.
  33. Pascal Michaillat & Emmanuel Saez, 2022. "An economical business-cycle model [Breaking through the zero lower bound]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 382-411.
  34. Simone Valente, 2009. "International status seeking, trade, and growth leadership," Canadian Journal of Economics, Canadian Economics Association, vol. 42(2), pages 554-589, May.
  35. Pascal Michaillat & Emmanuel Saez, 2021. "Resolving New Keynesian Anomalies with Wealth in the Utility Function," The Review of Economics and Statistics, MIT Press, vol. 103(2), pages 197-215, May.
  36. Nakamoto, Yasuhiro, 2009. "Jealousy and underconsumption in a one-sector model with wealth preference," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 2015-2029, December.
  37. Baochun Peng, 2008. "Relative deprivation, wealth inequality and economic growth," Journal of Economics, Springer, vol. 94(3), pages 223-229, September.
  38. Tournemaine, Frederic & Tsoukis, Christopher, 2008. "Relative consumption, relative wealth and growth," Economics Letters, Elsevier, vol. 100(2), pages 314-316, August.
  39. Ken-ichi Hashimoto, 2004. "Intergenerational Transfer and Effective Demand," Economics Bulletin, AccessEcon, vol. 5(1), pages 1-13.
  40. Wirl, Franz & Feichtinger, Gustav, 2006. "History versus expectations: Increasing returns or social influence?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(5), pages 877-888, October.
  41. Duernecker, Georg, 2007. "Growth Effects of Consumption Jealousy in a Two-Sector Model," Economics Series 201, Institute for Advanced Studies.
  42. Koichi Kawamoto, 2009. "Status-seeking behavior, the evolution of income inequality, and growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(2), pages 269-289, May.
  43. Pascal St-Amour, 2005. "Direct Preference for Wealth in Aggregate Household Portfolio," Cahiers de Recherches Economiques du Département d'économie 05.04, Université de Lausanne, Faculté des HEC, Département d’économie.
  44. Peng, Baochun, 2021. "Positional competition: A theory of the Great Gatsby curve and the Easterlin paradox," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 562-575.
  45. Wendner, Ronald, 2015. "Do positional preferences for wealth and consumption cause inter-temporal distortions?," MPRA Paper 64086, University Library of Munich, Germany.
  46. Jellal, Mohamed, 2014. "Culture values and economic growth," MPRA Paper 57178, University Library of Munich, Germany.
  47. Nguyen-Van, Phu & Pham, Thi Kim Cuong, 2013. "Endogenous fiscal policies, environmental quality, and status-seeking behavior," Ecological Economics, Elsevier, vol. 88(C), pages 32-40.
  48. Frederic Tournemaine, 2008. "Social aspirations and choice of fertility: why can status motive reduce per-capita growth?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(1), pages 49-66, January.
  49. Frederic Tournemaine & Christopher Tsoukis, 2015. "Public Expenditures, Growth, and Distribution in a Mixed Regime of Education with a Status Motive," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(5), pages 673-701, October.
  50. Liu, Wen-Fang & Turnovsky, Stephen J., 2005. "Consumption externalities, production externalities, and long-run macroeconomic efficiency," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1097-1129, June.
  51. Walter Fisher & F. Hof, 2008. "The quest for status and endogenous labor supply: the relative wealth framework," Journal of Economics, Springer, vol. 93(2), pages 109-144, March.
  52. Sanou Issa, 2021. "Jealousy and Wealth Inequality: The Cases of Heterogeneous Preferences and Elastic Labor Supply," Working Papers hal-03408115, HAL.
  53. Pan, Shiyuan & Zhang, Mengbo & Zou, Heng-Fu, 2018. "Status Preference And The Effects Of Patent Protection: Theory And Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 22(4), pages 837-863, June.
  54. Valente, Simone, 2006. "Trade, Envy and Growth: International Status Seeking in a Two-Country World," MPRA Paper 1095, University Library of Munich, Germany.
  55. Yasuhiro Nakamoto & Taketo Kawagishi, 2021. "The Impacts of Temporary and Permanent Public Health Policies on HRQOL in a Small Open Economy," Sustainability, MDPI, vol. 13(17), pages 1-33, September.
  56. Juin‐Jen Chang & Hsueh‐Fang Tsai & Tsung‐Sheng Tsai, 2019. "Optimal Dynamic Taxation with Distinctive Forms of Social Status Attainment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(2), pages 808-842, April.
  57. Kong-Pin Chen & Shin-Hwan Chiang & Siu Fai Leung, 2003. "Migration, Family, and Risk Diversification," Journal of Labor Economics, University of Chicago Press, vol. 21(2), pages 323-352, April.
  58. repec:grz:wpaper:2014-09 is not listed on IDEAS
  59. Wendner, Ronald & Ghosh, Sugata, 2017. "Positional Preferences: Efficiency and Distortions under Welfarist- and Paternalistic Governments," MPRA Paper 77839, University Library of Munich, Germany.
  60. Cecilia García-Peñalosa & Stephen Turnovsky, 2008. "Consumption externalities: a representative consumer model when agents are heterogeneous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 439-467, December.
  61. Itaya, Jun-ichi & Tsoukis, Chris, 2017. "Social Capital and the Status Externality," Discussion paper series. A 318, Graduate School of Economics and Business Administration, Hokkaido University.
  62. Shiro Kuwahara, 2018. "When is the Spirit of Capitalism Effective for Economic Development?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(3), pages 70-82, March.
  63. Fisher, Walter H. & Hof, Franz X., 2005. "Status seeking in the small open economy," Journal of Macroeconomics, Elsevier, vol. 27(2), pages 209-232, June.
  64. Fisher, Walter H., 2002. "Investment and Current Account Dynamics in an Open Economy Status Seeking Framework," Economics Series 110, Institute for Advanced Studies.
  65. Krawczyk, Jacek B. & Shimomura, Koji, 2003. "Why countries with the same technology and preferences can have different growth rates," Journal of Economic Dynamics and Control, Elsevier, vol. 27(10), pages 1899-1916, August.
  66. Shiyuan Pan & Mengbo Zhang & Heng-fu Zou, 2013. "The Effects of Patent Protection: A Growth Model with Status Preference," CEMA Working Papers 574, China Economics and Management Academy, Central University of Finance and Economics.
  67. Jin, Ye & Li, Hongbin & Wu, Binzhen, 2011. "Income inequality, consumption, and social-status seeking," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 191-204, June.
  68. Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou, 2023. "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 346-372, January.
  69. Frederic Tournemaine & Christopher Tsoukis, 2010. "Status, Fertility, Growth And The Great Transition," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(03), pages 553-574.
  70. Koichi Kawamoto, 2008. "Sector‐Specific Externalities And Status Preferences In The Uzawa‐Lucas Model," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 312-323, September.
  71. Vincenzo Lombardo, 2012. "Social inclusion and the emergence of development traps," Discussion Papers 13_2012, CRISEI, University of Naples "Parthenope", Italy.
  72. Andrea Gallice & Edoardo Grillo, 2019. "A Model of Educational Investment, Social Concerns, and Inequality," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(4), pages 1620-1646, October.
  73. Strulik, Holger, 2015. "Preferences, income, and life satisfaction: An equivalence result," Mathematical Social Sciences, Elsevier, vol. 75(C), pages 20-26.
  74. Guoqiang Tian & Liyan Yang, 2009. "Theory of negative consumption externalities with applications to the economics of happiness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 399-424, June.
  75. Tournemaine, Frederic & Tsoukis, Christopher, 2015. "The growth–distribution nexus in a mixed regime of education with a status motive: On the macroeconomics of the welfare state," Economic Modelling, Elsevier, vol. 47(C), pages 235-243.
  76. Stark, Oded & Zawojska, Ewa, 2015. "Gender differentiation in risk-taking behavior: On the relative risk aversion of single men and single women," Economics Letters, Elsevier, vol. 137(C), pages 83-87.
  77. Tom Truyts, 2010. "Social Status In Economic Theory," Journal of Economic Surveys, Wiley Blackwell, vol. 24(1), pages 137-169, February.
  78. Thi Kim Cuong PHAM, 2004. "Wealth distribution, endogenous fiscal policy and growth: status-seeking implications," Working Papers of BETA 2004-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  79. Lombardo, Vincenzo, 2012. "Social inclusion and the emergence of development traps," MPRA Paper 36766, University Library of Munich, Germany.
  80. Walter H. Fisher, 2008. "Imports, Status Preference, and Foreign Borrowing," Review of Development Economics, Wiley Blackwell, vol. 12(1), pages 1-20, February.
  81. Fisher Walter H., 2004. "Status Preference, Wealth and Dynamics in the Open Economy," German Economic Review, De Gruyter, vol. 5(3), pages 335-355, August.
  82. Katsunori Yamada & Masayuki Sato & Yasuhiro Nakamoto, 2009. "Measurement of Social Preference from Utility-Based Choice Experiments," ISER Discussion Paper 0759, Institute of Social and Economic Research, Osaka University.
  83. Pham, Thi Kim Cuong, 2005. "Economic growth and status-seeking through personal wealth," European Journal of Political Economy, Elsevier, vol. 21(2), pages 407-427, June.
  84. repec:ebl:ecbull:v:15:y:2002:i:10:p:1-7 is not listed on IDEAS
  85. Chang, Wen-ya & Hsieh, Yi-ni & Lai, Ching-chong, 2000. "Social status, inflation, and endogenous growth in a cash-in-advance economy," European Journal of Political Economy, Elsevier, vol. 16(3), pages 535-545, September.
  86. Vincenzo Lombardo, 2021. "Social inclusion through social status and the emergence of development traps," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 798-825, November.
  87. Matsumura, Toshihiro & Matsushima, Noriaki & Cato, Susumu, 2013. "Competitiveness and R&D competition revisited," Economic Modelling, Elsevier, vol. 31(C), pages 541-547.
  88. Nakamura, Yasuhiko, 2014. "Biased managers as strategic commitment: The relative profit approach," Research in Economics, Elsevier, vol. 68(3), pages 230-238.
  89. Jellal, Mohamed, 2012. "Beliefs incentives and economic growth," MPRA Paper 39157, University Library of Munich, Germany.
  90. Jang-Ting Guo & Juin-Jen Chang, 2008. "Social Status and Optimal Income Taxation," Working Papers 200814, University of California at Riverside, Department of Economics, revised Dec 2008.
  91. Toshihiro Matsumura & Noriaki Matsushima & Susumu Cato, 2009. "Relative Performance and R&D Competition," ISER Discussion Paper 0752, Institute of Social and Economic Research, Osaka University.
  92. Jun-ichi Itaya & Naoshige Kanamori, 2010. "Consumption taxation, social status and indeterminacy in models of endogenous growth with elastic labor supply," Journal of Economics, Springer, vol. 100(2), pages 141-163, June.
  93. Jun‐ichi Itaya & Christopher Tsoukis, 2022. "Social capital and the status externality," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(2), pages 154-181, June.
  94. Yutaro Hatta, 2013. "Wealth Distribution Dynamics with Status Preference: asymmetric motivations for status," Discussion Papers in Economics and Business 13-08, Osaka University, Graduate School of Economics.
  95. Fisher, Walter H. & Hof, Franz X., 2000. "Relative Consumption and Endogenous Labour Supply in the Ramsey Model: Do Status-Conscious People Work Too Much?," Economics Series 85, Institute for Advanced Studies.
  96. Mino, Kazuo, 2006. "Consumption Externalities and Capital Accumulation in an Overlapping Generations Economy," MPRA Paper 17016, University Library of Munich, Germany.
  97. Andrea Gallice & Edoardo Grillo, 2015. "A Model of Educational Investment and Social Status," Carlo Alberto Notebooks 405, Collegio Carlo Alberto.
  98. Yoshihiro Hamaguchi, 2021. "Environmental policy and social status preference for education in an Uzawa–Lucas model," Bulletin of Economic Research, Wiley Blackwell, vol. 73(3), pages 456-468, July.
  99. Walter Fisher & Franz Hof, 2000. "Relative consumption, economic growth, and taxation," Journal of Economics, Springer, vol. 72(3), pages 241-262, October.
  100. Wirl Franz & Novak Andreas J. & Hof Franz X., 2008. "Happiness due to Consumption and its Increases, Wealth and Status," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 12(4), pages 1-34, December.
  101. repec:dpr:wpaper:0856 is not listed on IDEAS
  102. repec:ebl:ecbull:v:5:y:2004:i:1:p:1-13 is not listed on IDEAS
  103. Yamada, Katsunori, 2008. "Macroeconomic implications of conspicuous consumption: A Sombartian dynamic model," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 322-337, July.
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