Envy, leisure, and restrictions on working hours

We present a simple model of capital accumulation where agents care about their consumption relative to the consumption of other members of society, `envy,' In this context we quantify the extent of the distortions and welfare costs associated with envy. Under conservative estimates of envy we...

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Bibliographic details
Volume: 40
Main Author: Alvarez-Cuadrado, Francisco
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: Malden, USA Blackwell Publishing 01.11.2007
Blackwell Publishing Inc
WILEY
Wiley Subscription Services, Inc
published in: The Canadian journal of economics Vol. 40; no. 4; pp. 1286 - 1310
Data of publication: November/novembre 2007
ISSN: 0008-4085
1540-5982
EISSN: 1540-5982
Discipline: Economics
Bibliography: I gratefully acknowledge the constructive suggestions of Leah Brooks, Benjamin Dennis, John Galbraith, Jenny Hunt, Ngo Van Long and Chris Ragan and two anonymous referees, as usual all remaining errors are my own. Email
francisco.alvarezcuadrado@mcgill.ca
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Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2007
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