On limiting the market for status signals
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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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Political Economy of Crisis Response
TL;DR: In this article, the authors propose a model in which heterogeneous agents make individual decisions with negative external effects such as the extent of social distancing during pandemics. But their model assumes that the agents have different individual and political preferences over the policy response.
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Mixed signals: Charity reporting when donations signal generosity and income
Anat Bracha,Lise Vesterlund +1 more
TL;DR: Revealing concerns for both income- and generosity-status, it is found that donation-visibility does not increase giving when donations signal both attributes, in contrast to the one-attribute setting.
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Remittances as a social status signaling device
Claire Naiditch,Radu Vranceanu +1 more
TL;DR: In this paper, the authors show that unsuccessful migrants might accept a worsening of their living conditions and send back home large amounts of remittances only in order to make residents believe that they are successful.
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Fragwuerdige Luxussteuern: Statusstreben und Demonstratives Konsumverhalten in der Geschichte Oekonomischen Denkens (Questionable Luxury Taxes: Status Seeking and Conspicuous Consumption in the History of Economic Thought)
TL;DR: The authors provides an overview of how conspicuous consumption has been seen in the history of economic thought, and outlines the connection between recent contributions and historical thinking on the issue on the one hand, recent policy recommendations are often based on the arbitrary definition of status seeking as a zero sum game and partly on an incorrect welfare comparison on the other hand, specific characteristics of the market demand function for status goods make the taxation of luxuries a venture with incalculable outcomes.
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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