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Higher tax and less work: an optimal response to relative income concern

Felix FitzRoy (University of St Andrews and IZA), Jim Jin (University of St Andrews), Michael Nolan (University of Hull) ; IZA Institute of Labor Economics

There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply - 'keeping up with the Joneses' (KUJ), while increasing use of social media and growing inequality encourage comparison. Models with one or two agent-types generally miss the policy re...

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Bibliographic details
Volume: no. 12468
Main Author: FitzRoy, Felix R
Jin, Jim Y
Nolan, Michael A
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : July 2019
Erscheinungsort: (Ort)Bonn
Extent: 1 Online-Ressource (21 Seiten)
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Discussion paper series / IZA Institute of Labor Economics ; no. 12468
Links: Fulltext
HBZ-ID: HT020143452 » further libraries in North Rhine-Westphalia
Database: ULB Bonn