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Income, Saving, and the Theory of Consumer Behavior
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The article was published on 1949-01-01 and is currently open access. It has received 2738 citations till now. The article focuses on the topics: Permanent income hypothesis & Marginal propensity to save.read more
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Inequality at Work: The Effect of Peer Salaries on Job Satisfaction
TL;DR: This paper used a simple theoretical framework and a randomized manipulation of access to information on peers' wages to provide new evidence on the effects of relative pay on individual utility, and they found that utility depends directly on relative pay comparisons, and that this relationship is non-linear.
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Projection Bias in Predicting Future Utility
TL;DR: In this article, the authors present evidence from a variety of domains which demonstrates the prevalence of such projection bias, develop a formal model of it, and use this model to demonstrate its importance in economic environments.
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Relative-income effects on subjective well-being in the cross-section
TL;DR: The authors found micro-level evidence in support of the hypothesis that relative-income does matter in individual assessments of subjective well-being, and used cross-section estimates to replicate the aggregate time-series.
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Modelling and forecasting the diffusion of innovation – A 25-year review
Nigel Meade,Towhidul Islam +1 more
TL;DR: The main models of innovation diffusion were established by 1970 as discussed by the authors, and the main categories of these modifications are: the introduction of marketing variables in the parameterisation of the models; generalising the models to consider innovations at different stages of diffusions in different countries; and generalizing the models by considering the diffusion of successive generations of technology.