On limiting the market for status signals
Reads0
Chats0
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
Citations
More filters
Posted Content
Expenditure Visibility and Consumer Behavior: New Evidence
TL;DR: The authors measured the extent to which a household's spending on a consumption category is noticeable to others in three new surveys, with ~3,000 telephone and online respondents, and found that these visibility measures explain up to three quarters or more of the observed variation in total-expenditure elasticities across consumption categories in U.S. data.
WIDER Working Paper 2023/78-Conspicuous consumption for social parity
Chinmayi Srikanth,Shubhasis Dey +1 more
The welfare loss from interdependant preferences
TL;DR: In this paper, the authors characterize Pareto improvements, as well as the taxes and subsidies that reduce the welfare loss from such preferences, using an estimated empirical model of this kind.
Testing the Diamond Effect - A Survey on Private Car Ownership in China
TL;DR: Wang et al. as discussed by the authors conducted a survey of 118 private car owners in three Chinese cities to test the diamond effect of car ownership and found that the relative income and the purchase decisions of colleagues, friends and relatives may have a strong impact on the car owners' decision to buy a car.
References
More filters
Posted Content
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.
Posted Content
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.
Posted Content
Public provision of private goods and the redistribution of income
Timothy Besley,Stephen Coate +1 more