Title of article
Falling behind the Joneses: relative consumption and the growth-savings paradox
Author/Authors
Harbaugh، نويسنده , , Richmond ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1996
Pages
8
From page
297
To page
304
Abstract
Concern for individual consumption relative to per capita consumption can induce a fear of falling behind, which increases precautionary savings. This fear intensifies as societal income growth increases, allowing for a positive effect of growth on savings rates.
Keywords
Demonstration effect: Duesenberry: Growth: Savings
Journal title
Economics Letters
Serial Year
1996
Journal title
Economics Letters
Record number
434231
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