KEEPING UP WITH THE JONESES, GROWTH, AND
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Chris Tsoukis
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Article
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2007
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John Wiley and Sons
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English
β 231 KB
## ABSTRACT A recent class of models on βkeeping up with the Jonesesβ suggests that comparison with the consumption of other individuals affects individual utility. This paper nests three variants of the βJonesesβ effect into an otherwise standard growth model. Under some conditions, growth and dis