The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Social Norms, Savings Behavior, and Growth
Abstract
We argue that many goods and decisions are not allocated or made through markets. We interpret an agent's status as a ranking device that determines how well he or she fares in the nonmarket sector. The existence of a nonmarket sector can endogenously generate a concern for relative position in, for example, the income distribution so that higher income implies higher status. Moreover, it can naturally yield multiple equilibria. It is thus possible to explain differences in growth rates across countries without recourse to differences in underlying preferences, technologies, or endowments. Different social organizations lead to different reduced-form preferences, which lead to different growth rates.
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Citations
Cites
A contribution to the theory of economic growth
Solow, R. M. (1956) · The Quarterly Journal of Economics · doi:10.2307/1884513 · Cited by 24,483
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Long-Run Policy Analysis and Long-Run Growth
Rebelo, S. (1991) · Journal of Political Economy · doi:10.1086/261764 · Cited by 3,319
Cited by
Greif, A. (1994) · Journal of Political Economy · doi:10.1086/261959 · Cited by 2,384
Culture: An Empirical Investigation of Beliefs, Work, and Fertility
Fernández, R., & Fogli, A. (2009) · American Economic Journal: Macroeconomics · doi:10.1257/mac.1.1.146 · Cited by 1,264
Conspicuous conservation: The Prius halo and willingness to pay for environmental bona fides
Sexton, S. E., & Sexton, A. L. (2014) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2013.11.004 · Cited by 413
Factor Shares and Savings in Endogenous Growth
Bertola, G. (1991) · National Bureau of Economic Research · doi:10.3386/w3851 · Cited by 377
The Biological Basis of Economic Behavior
Robson, A. J. (2001) · Journal of Economic Literature · doi:10.1257/jel.39.1.11 · Cited by 369
Metadata
- Authors
- Cole, H. L., Mailath, G. J., & Postlewaite, A.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1992-12
- Volume
- 100
- Issue
- 6
- Pages
- 1092-1125
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2076320468
- Cited by
- 622
- References
- 3
- FWCI
- 15.40
- Type
- journal article
- Language
- en
- Open access
- closed
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- Cole, H. L., Mailath, G. J., & Postlewaite, A. (1992). Social Norms, Savings Behavior, and Growth. Journal of Political Economy. https://doi.org/10.1086/261855
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
