Arbeitspapier
Comparing consumption: a curse or a blessing?
Does it make us unhappier when we compare our current consumption with that of the Joneses or our own past achievements? This paper tries an answer without recurring on interpersonal utility comparisons. It calibrates an economy under three different assumptions, non-comparing utility, and inward-looking and outward-looking habit formation. Using consumption equivalents it then calculates how much individual welfare is affected in each economy by unexpected losses and gains of wealth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 382
Klassifikation
Wirtschaft
Welfare Economics: General
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
Economic Growth and Aggregate Productivity: General
Welfare Economics: General
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
Economic Growth and Aggregate Productivity: General
Thema
habit formation
happiness
welfare
economic growth
Konsumtheorie
Konsuminterdependenz
Vermögen
Lebenszufriedenheit
Wohlfahrtseffekt
Steady-State-Wachstum
Theorie
happiness
welfare
economic growth
Konsumtheorie
Konsuminterdependenz
Vermögen
Lebenszufriedenheit
Wohlfahrtseffekt
Steady-State-Wachstum
Theorie
Ereignis
Geistige Schöpfung
(wer)
Strulik, Holger
Ereignis
Veröffentlichung
(wer)
Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
(wo)
Hannover
(wann)
2008
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Strulik, Holger
- Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Entstanden
- 2008
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