The Work-and-Spend Cycle in a Globalized World
In this paper we show that globalization might cause an inefficient reduction of working time regulation. The argument rest on the assumption that people care about their relative standing and that national policymakers fail to completely internalize the consumption externality of the increasingly international reference standards.
Volume (Year): 29 (2009)
Issue (Month): 1 ()
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- Samuel Bowles & Yongjin Park, 2005.
"Emulation, Inequality, and Work Hours: Was Thorsten Veblen Right?,"
Royal Economic Society, vol. 115(507), pages F397-F412, November.
- Samuel Bowles & Yongjin Park, 2003. "Emulation, Inequality, and Work Hours: Was Thorsten Veblen Right," Department of Economics University of Siena 409, Department of Economics, University of Siena.
- Samuel Bowles & Yongjin Park, 2004. "Emulation, Inequality, and Work Hours: Was Thorsten Veblen Right?," UMASS Amherst Economics Working Papers 2004-14, University of Massachusetts Amherst, Department of Economics.
- Francisco Alvarez-Cuadrado, 2007.
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8747, National Bureau of Economic Research, Inc.
- Harald Uhlig & Lars Ljungqvist, 2000. "Tax Policy and Aggregate Demand Management under Catching Up with the Joneses," American Economic Review, American Economic Association, vol. 90(3), pages 356-366, June.
- Alberto F. Alesina & Edward L. Glaeser & Bruce Sacerdote, 2006.
"Work and Leisure in the U.S. and Europe: Why So Different?,"
in: NBER Macroeconomics Annual 2005, Volume 20, pages 1-100
National Bureau of Economic Research, Inc.
- Alesina, Alberto F & Glaeser, Edward L & Sacerdote, Bruce, 2005. "Work and Leisure in the US and Europe: Why So Different?," CEPR Discussion Papers 5140, C.E.P.R. Discussion Papers.
- Alberto Alesina & Edward Glaeser & Bruce Sacerdote, 2005. "Work and Leisure in the U. S. and Europe: Why so Different?," Harvard Institute of Economic Research Working Papers 2068, Harvard - Institute of Economic Research.
- Alberto Alesina & Edward L. Glaeser & Bruce Sacerdote, 2005. "Work and Leisure in the U.S. and Europe: Why So Different?," NBER Working Papers 11278, National Bureau of Economic Research, Inc.
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