Healthy people generally underestimate the self-reported well-being of people with disabilities and serious illnesses. The cause of this discrepancy is...
The paper addresses the question whether utility may be viewed as a completely relative concept. In a dynamic setting this...
By many measures a revolution in living conditions is sweeping the world. Most people today are better fed, clothed, and...
This paper describes a theory of rational emulation and deviance. It assumes that individuals care about relative position (or `status'),...
초록 없음 Becker, G. S. (1974). A theory of social interactions. Journal of political economy, 82(6), 1063-1093.https://doi.org/10.1086/260265
This paper attempts to test the hypothesis that utility depends on income relative to a ‘comparison’ or reference level. Using...
We ask whether women's decisions to be in the labor force may be affected by the decisions of other women...
Levels of expectation are considered to be distributed along a continuum with realistic at one extreme and unrealistic at the...
초록 없음 Bowles, S. (1998). Endogenous preferences: The cultural consequences of markets and other economic institutions. Journal of economic literature, 36(1),...
Saving and growth are strongly positively correlated across countries. Recent empirical evidence suggests that this correlation holds largely because high...