“Relative concerns for consumption at the top”: an intertemporal analysis for the UK
This paper investigates whether the consumption of rich households provides a reference point in the intertemporal consumption choices of non-rich households. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model incorporating relative concerns for...
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| פורמט: | Journal article |
| יצא לאור: |
Elsevier
2016
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