Emulation, Inequality, and Work Hours : Was Thorsten Veblen Right ?  

Oleh:

Bowles, Samuel ; Yongjin, Park

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 115 no. 507 (Nov. 2005), page F397-F412.
Topik: taxes; emulation; inequality; work hours; thorsten veblen right
Fulltext: F397.pdf (197.78KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

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.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali