Consumption externalities and growth: Theory and evidence for the United States
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2019.02.021
Abstract: Abstract We study a series of growth models in which households’ preferences display ‘jealousy’ or ‘external habits’: a negative dependence on average consumption. We argue that accounting for consumption externalities in growth models requires consideration… read more here.
Keywords: growth; external habits; externalities growth; consumption ... See more keywords