Status-seeking behavior, the evolution of income inequality, and growth
Status-seeking behavior, the evolution of income inequality, and growth
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DOI：
10.1007/s00199-007-0318-4
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发表时间：
2009-05
期刊：
影响因子：
1.3
通讯作者：
Koichi Kawamoto
中科院分区：
文献类型：
--
作者：
Koichi Kawamoto
本文利用代际重叠模型，探讨了相对收入偏好诱发的地位追求行为对收入不平等演变的影响。当平均收入增加时，个人对其自身收入的边际效用可能增加（与人攀比，简称KUJ），也可能减少（与人攀比，简称RAJ）。研究表明，随着时间的推移，KUJ经济中的收入不平等正在缩小，而RAJ经济中的收入不平等正在扩大。我们还探讨了在KUJ和RAJ代理存在的情况下，对长期增长和不平等的影响。
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 income inequality is shrinking over time in the KUJ economy, whereas it is expanding in the RAJ economy. We also explore the implications for long-run growth and inequality, in the existence of both KUJ and RAJ agents.