The DOI matches its Crossref record; 46 of the 46 references it cites were found in a registry or an index.
Emulation, Inequality, and Work Hours: Was Thorsten Veblen Right?
Abstract
We investigate the manner in which a desire to emulate the rich influences individuals’ allocation of time between labour and leisure, greater inequality inducing longer work hours as a result. Data on work hours in ten countries over the period 1963–98 show that greater inequality is indeed associated longer work hours. These ‘Veblen effects’ are large and the estimates are robust using country fixed effects and other specifications. Because consumption inequality is a public bad, a social welfare optimum cannot be implemented by a flat tax on consumption but may be accomplished by more complicated (progressive) consumption taxes.
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Citations
Cites
A Theory of Cognitive Dissonance
Festinger, L. (1957) · doi:10.1515/9781503620766 · Cited by 24,241
A Theory of Cognitive Dissonance
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Spence, M. (1973) · The Quarterly Journal of Economics · doi:10.2307/1882010 · Cited by 16,171
The Theory of the Leisure Class
Veblen, T. (2009) · Oxford University Press eBooks · doi:10.1093/owc/9780199552580.001.0001 · Cited by 5,279
Mate selection—A selection for a handicap
Zahavi, A. (1975) · Journal of Theoretical Biology · doi:10.1016/0022-5193(75)90111-3 · Cited by 5,251
Social Behavior: Its Elementary Forms
Hollander, E. P., & Homans, G. C. (1963) · The American Journal of Psychology · doi:10.2307/1419191 · Cited by 4,692
Does Economic Growth Improve the Human Lot? Some Empirical Evidence
EASTERLIN, R. A. (1974) · Nations and Households in Economic Growth · doi:10.1016/b978-0-12-205050-3.50008-7 · Cited by 4,474
(1993) · Oxford University Press eBooks · doi:10.1093/0198287976.001.0001 · Cited by 4,239
Income Inequality in the United States, 1913-1998
Piketty, T., & Saez, E. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535135 · Cited by 3,769
The Silent Revolution: Changing Values and Political Styles Among Western Publics
Inglehart, R. (2015) · Princeton University Press eBooks · doi:10.1515/9781400869589 · Cited by 3,723
Cited by
Cushing, L., Morello-Frosch, R., Wander, M., & Pastor, M. (2015) · Annual Review of Public Health · doi:10.1146/annurev-publhealth-031914-122646 · Cited by 304
Knight, K. W., Rosa, E. A., & Schor, J. B. (2013) · Global Environmental Change · doi:10.1016/j.gloenvcha.2013.02.017 · Cited by 296
Metadata
- Authors
- Bowles, S., & Park, Y.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2005-11-01
- Volume
- 115
- Issue
- 507
- Pages
- F397-F412
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W2164710344
- Cited by
- 438
- References
- 46
- FWCI
- 38.74
- Type
- journal article
- Language
- en
- Open access
- closed
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