Motivation: Researchers have been concerned with the issues related to differences among economies for many years. The level of differentiation is an important matter as excessive economic and social states may lead limited scope integration processes, which in turn determine development rate regions. Due how significant this issue is, it was decided that standard living population selected Eur...

THE HURRY and worry that accompany Western civilization are often invoked as etiologic factors in hypertension. In Fiji and the Gilbert Islands some populations do not show the higher blood pressures of later life characteristic of Western populations.1 It is tempting to associate the apparently indolent, secure, and unhurried life of the Pacific Islander with this relative freedom from hyperte...

When economists investigate long-term trends and socioeconomic differences in the standard of living or quality of life, they have traditionally focused on monetary measures such as gross domestic product--which has occupied center stage for over 50 years. In recent decades, however, scholars have increasingly recognized the limitations of monetary measures while seeking useful alternatives. Th...

Past experiences and social forces have been incorporated into tastes in order to analyze various microeconomic issues. We use these “extended preferences” to model the making of standard-of-living aspirations and study their effect on macroeconomic variables. We concentrate first on consumption behavior when there is habit formation. Such behavior is in accordance with several empirical facts ...