Title:

Habit Formation, Catching Up with the Joneses, and Economic Growth

Authors:

Francisco Alvarez-Cuadrado (U Washington)
Gonçalo Monteiro (U Washington)
Stephen Turnovsky (U Washington)

Journal:

Journal Of Economic Growth

Year:

2004

Volume:

9

Pages:

47-80

JEL codes:

D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
E21 - Macroeconomics: Consumption; Saving; Aggregate Physical and Financial Consumer Wealth
O41 - One, Two, and Multisector Growth Models