*Conspicuous Consumption, Inconspicuous Leisure
*Conspicuous Consumption, Inconspicuous Leisure
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*炫耀性消费,不起眼的休闲
DOI:
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发表时间:
2009
期刊:
影响因子:
--
通讯作者:
P. Dasgupta
中科院分区:
文献类型:
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作者:
K. Arrow;P. Dasgupta
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 have were optimum public policies in place. But although consuming more today would improve one's relative consumption now, it would worsen one's relative consumption in the future. In this article we identify the structure of felicity functions for which the two effects offset each other exactly. The finding goes some way toward explaining why, while household surveys suggest that relative consumption matters, the consumption behaviour of households has not pointed unambiguously to the presence of relative consumption effects. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.
影响因子:
8.4
作者:
Deaton, Angus
通讯作者:
Deaton, Angus