On limiting the market for status signals
TLDR
In this paper, the impacts of tax policy and benefits on the signalling equilibrium are considered, and the benefits of a Pareto-improving tax policy are discussed. But the authors do not consider the impact of tax on the signaling equilibrium.About:
This article is published in Journal of Public Economics.The article was published on 1994-01-01 and is currently open access. It has received 265 citations till now. The article focuses on the topics: Tax policy & Inefficiency.read more
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Envy and Inequality
TL;DR: In this paper, an overlapping generations economy, populated by heterogeneous agents who care about both consumption relative to others and the bequest they leave to their offspring, is presented, and it is shown that saving and bequest rates vary across the income distribution.
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Behavioral Public Economics
TL;DR: The authors surveys work in behavioral public economics, emphasizing the normative implications of non-standard decision making for the design of welfare-improving and/or optimal policies, and highlight combinations of theoretical and empirical approaches that together can produce robust qualitative and quantitative prescriptions for optimal policy under a range of assumptions concerning consumer behavior.
Journal Article
On the desirability of taxing charitable contributions
TL;DR: This article developed a model that allows for public goods and status signaling through charitable contributions and provided a unified framework in which contributions are driven both by altruism and status signalling, and used this setup to re-examine the conventional practice of rendering a favorable tax treatment to charitable contributions.
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Consumption and social identity: Evidence from India
TL;DR: In this article, the authors examined consumption items which have signaling value in social interactions across groups with distinctive social identities in India, where social identities are defined by caste and religious affiliations.
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Waves in consumption with interdependence among consumers
TL;DR: In this article, a consumer recognizes three reference groups: a peer group of similar consumers with whom the consumer wishes to share consumption activities; a distinction group from which the consumer wished to distinguish him- or herself; and an aspiration group, to which a consumer does not belong but wishes that he/she did, and with whom a consumer would like to share activities.
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An Economic Model of Welfare Stigma
TL;DR: In this paper, the authors model the negative self-characterizations of welfare recipients as a form of social stigma, and use a utility maximization model to predict the impact of welfare programs on the low-income population.
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Are Workers Paid their Marginal Products
TL;DR: In this paper, the authors examine a variety of empirical evidence that relates to this proposition about the firm's internal wage structure and conclude that the competitive wage structure within a firm must be one in which individual wage differences understate individual differences in marginal products.
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Public provision of private goods and the redistribution of income
Timothy Besley,Stephen Coate +1 more