Potential Growth Path Seeking Model with Income Transfers
نویسندگان
چکیده
منابع مشابه
Status-seeking behavior, the evolution of income inequality, and growth
Using an overlapping generations model, this paper investigates the implications of status-seeking behavior, induced by preferences for relative income, for the evolution of income inequality. When average income rises, an individual’s marginal utility of their own income may increase (keeping up with the Joneses, or KUJ), or decrease (running away from the Joneses, or RAJ). It is shown that in...
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ژورنال
عنوان ژورنال: INFRASTRUCTURE PLANNING REVIEW
سال: 2002
ISSN: 0913-4034,1884-8303
DOI: 10.2208/journalip.19.187