کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10437647 | 912321 | 2014 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Do positional goods inhibit saving? Evidence from a life-cycle experiment
ترجمه فارسی عنوان
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
We investigate the effect of positional goods (goods for which one's consumption relative to others' matters) on saving, based on results from a life-cycle consumption/saving experiment. In a Group treatment, we allow inter-personal comparisons by assigning subjects to groups and displaying rankings based partly on consumption. A baseline Individual treatment is similar, but without the additional information. We find more under-saving (saving less than the optimal amount), and lower money earnings for subjects, in the Group treatment. Both effects are economically relevant, with magnitudes of roughly 6-7% of expected income and 7-8% of average earnings respectively. Additional analysis shows that the result is driven by those subjects who are not ranked in the top three in their group (“keeping up with the Joneses”), and males in particular.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 107, Part B, November 2014, Pages 440-454
Journal: Journal of Economic Behavior & Organization - Volume 107, Part B, November 2014, Pages 440-454
نویسندگان
Nick Feltovich, Ourega-Zoé Ejebu,