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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Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles
TL;DR: In this paper, the authors review the evidence on relative income from the subjective well-being literature and discuss the relation (or not) between happiness and utility and discuss some non-happiness research (behavioural, experimental, neurological) dealing with income comparisons.
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Testing guilt aversion
TL;DR: The correlation between generous behavior and elicited beliefs is close to zero in all three experiments, suggesting that guilt aversion is smaller than previously thought.
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Emulation, Inequality, and Work Hours: Was Thorsten Veblen Right?
TL;DR: Schor et al. as discussed by the authors investigated the Veblen effect and found that greater inequality is associated with longer work hours, and showed that the desire to emulate the rich influences individuals' allocation of time between labour and leisure.
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Explaining variation in conspicuous luxury consumption: An individual differences' perspective
TL;DR: The authors examined the impact of various individual differences on consumers' propensity to engage in two distinct forms of conspicuous (publicly observable) luxury consumption behavior and empirically confirmed a conceptual model that shows that bandwagon and snobbish buying patterns underlie the more generic conspicuous consumption of luxuries.
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A Test of Conspicuous Consumption: Visibility and Income Elasticities
TL;DR: In this paper, a stylized conspicuous consumption model is proposed, where income elasticity is endogenously predicted to be higher if a good is visible and lower if it is not.
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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