Choosing to keep up with the Joneses and income inequality

DOI10.1007/S00199-009-0494-5zbMath1202.91164OpenAlexW1997430770MaRDI QIDQ607480

Joydeep Bhattacharya, Richard C. Barnett, Helle Bunzel

Publication date: 22 November 2010

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www2.econ.iastate.edu/papers/p1744-2008-01-10.pdf

zbMATH Keywords

income inequalitykeeping up with the Jonesesleisure distributionrat race

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54) Dynamic stochastic general equilibrium theory (91B51)

Related Items (6)

Aspirations, health and the cost of inequality ⋮ Rank dynamics for functional data ⋮ Growth and inequality: dependence on the time path of productivity increases (and other structural changes) ⋮ Bivariate almost stochastic dominance ⋮ The two sides of envy ⋮ The fight-or-flight response to the Joneses and inequality

Cites Work

• Consumption externalities: a representative consumer model when agents are heterogeneous
• Status-seeking behavior, the evolution of income inequality, and growth
• Lotteries, inequality, and market imperfection: Galor and Zeira go gambling
• Growth and income inequality: a canonical model
• Risk-Bearing and the Theory of Income Distribution
• Income Distribution and Macroeconomics

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