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<section name="raw"> <SEQUENTIAL> <record key="001" att1="001" value="134262" att2="134262">001 134262</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-85.pdf</field> <field key="079" subkey="z">Fisher, Walter H. - et al., Relative Consumption and Endogenous Labour Supply in the Ramsey Model: Do Status-Conscious People</field> <field key="Wor" subkey="k">Too Much? (pdf)</field> <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/85.html</field> <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 85 (RePEc)</field> <field key="100" subkey="">Fisher, Walter H.</field> <field key="103" subkey="">Institute for Advanced Studies, Vienna</field> <field key="104" subkey="a">Hof, Franz X.</field> <field key="107" subkey="">Institute of Economics, University of Technology Vienna</field> <field key="331" subkey="">Relative Consumption and Endogenous Labour Supply in the Ramsey Model: Do Status-Conscious People Work Too Much?</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="">2000, September</field> <field key="433" subkey="">19 pp.</field> <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 85</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 Model; The Social Planner's Problem and the Decentralized Solution; Illustrations;</field> <field key="Opt" subkey="i">mal Taxation; Concluding Remarks; Appendix;</field> <field key="542" subkey="">1605-7996</field> <field key="544" subkey="">IHSES 85</field> <field key="700" subkey="">D62</field> <field key="700" subkey="">D91</field> <field key="700" subkey="">E21</field> <field key="720" subkey="">Status</field> <field key="720" subkey="">Relative consumption</field> <field key="720" subkey="">Work effort</field> <field key="753" subkey="">Abstract: This paper introduces consumption externalities into a Ramsey-type model with endogenous labour supply and homogeneous</field> <field key="age" subkey="n">ts. The instantaneous utility of any consumer is assumed to depend on work effort, own consumption and relative consumption,</field> <field key="whe" subkey="r">e the latter determines the individual's status in the society. Appropriate normality conditions with respect to consumption</field> <field key="and" subkey="">leisure ensure that at least in the long run status-conscious individuals consume and work too much, compared to the social</field> <field key="opt" subkey="i">mum, and that the capital stock is too high. Public policy can, however, induce the private sector to attain the social</field> <field key="opt" subkey="i">mum by designing an optimal consumption tax policy.;</field> </SEQUENTIAL> </section> Servertime: 0.141 sec | Clienttime:
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