It is commonly argued that because relative consumption appears to matter to people, they
must be involved in a 'rat race': people work harder and consume more than they would …

What are some of the key historical trends in hours of work per worker in US? What
economic, social-psychological, organizational and institutional forces determine the length …

The purpose of this article is to explore the factors that are correlated with hours worked in C
hina. A distinguishing feature of the study is that we used representative‐matched employer …

Когда ожидаемая экономия на покупках больше ставки заработной платы, условие
оптимального поиска приводит к отрицательной предельной полезности досуга. Поиск …

This study employs a neoclassical growth model to investigate the impact of consumption
externalities on the distribution of wealth. It also jointly accounts for heterogeneity in the …

This paper presents a simple model of resource extraction where preferences are defined
over the individual's consumption level, her effort and the comparison of her consumption …

Status considerations with respect to consumption give rise to negative externalities
because individuals do not take into account that their decisions affect the relative …

The present paper presents overlapping generations set-up with internal habits in
consumption and the presence of environmental quality in the utility function. The modeling …

Relative consumption effects or status concerns that feature jealousy (in the sense of Dupor
and Liu, 2003) boost consumption expenditure. If consumption is financed by labour income …

We propose a two-country model in which preferences change endogenously as a function
of the popularity of traded goods. In equilibrium, expected returns and return volatility vary …