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      <record key="001" att1="001" value="166534" att2="166534">001   166534</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-204.pdf</field>
      <field key="079" subkey="z">Fisher, Walter H. - et al., Keeping up with the Ageing Joneses (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/204.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 204 (RePEc)</field>
      <field key="100" subkey="">Fisher, Walter H.</field>
      <field key="103" subkey="">Department of Economics and Finance, Institute for Advanced Studies, Vienna, Austria</field>
      <field key="104" subkey="a">Heijdra, Ben J.</field>
      <field key="107" subkey="">Department of Economics, University of Groningen, Groningen, The Netherlands</field>
      <field key="331" subkey="">Keeping up with the Ageing Joneses</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2007, March</field>
      <field key="433" subkey="">26 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 204</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; The Macroeconomy; Aggregation and Macroeconomic Equilibrium; Log-Linearization and</field>
      <field key="Mod" subkey="e">l Solution; Comparative Dynamics; Conclusions and Extensions; Appendix; References;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 204</field>
      <field key="700" subkey="">D91</field>
      <field key="700" subkey="">E21</field>
      <field key="720" subkey="">Relative consumption</field>
      <field key="720" subkey="">Overlapping generations</field>
      <field key="720" subkey="">Demographic shocks</field>
      <field key="753" subkey="">Abstract: In this paper we consider the implications of relative consumption externalities in the Blanchard-Yaari overlapping</field>
      <field key="gen" subkey="e">rations framework. Unlike most of the macroeconomic literature that studies this question, the differences between agents,</field>
      <field key="and" subkey=",">thus, in their relative position, persist in equilibrium. We show in our fixed employment model that consumption</field>
      <field key="ext" subkey="e">rnalities lower consumption and the capital stock in long-run equilibrium, a result in sharp contrast to the recent</field>
      <field key="fin" subkey="d">ingsof Liu and Turnovsky (2005). In addition, we solve for the intertemporal path of the economy to investigate its response</field>
      <field key="to" subkey="d">emographic shocks, specifically, to permanent changes in the birth and death rates.;</field>
    </SEQUENTIAL>
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