Habits and Envy: What Drives the Consumption Behavior of U.S. Households? Evidence from PSID, 1999-2009
Download full text from publisher
References listed on IDEAS
- Neumark, David & Postlewaite, Andrew, 1998.
"Relative income concerns and the rise in married women's employment,"
Journal of Public Economics,
Elsevier, vol. 70(1), pages 157-183, October.
- David Neumark & Andrew Postlewaite, 1995. "Relative Income Concerns and the Rise in Married Women's Employment," NBER Working Papers 5044, National Bureau of Economic Research, Inc.
- Francisco Alvarez-Cuadrado & Jose Maria Casado & Jose Maria Labeaga, 2016.
"Envy and Habits: Panel Data Estimates of Interdependent Preferences,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 78(4), pages 443-469, August.
- Casado, Jose Maria & Alvarez-Cuadrado, Francisco & Labeaga, Jose Maria & Sutthiphisal, Dhanoos, 2012. "Envy and habits: Panel data estimates of interdependent preferences," MERIT Working Papers 054, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Francisco Alvarez-Cuadrado & Jose Maria Casado & Jose Maria Labeaga & Dhanoos Sutthiphisal, 2012. "Envy and habits: panel data estimates of interdependent preferences," Working Papers 1213, Banco de España;Working Papers Homepage.
- Kapteyn, Arie, et al, 1997.
"Interdependent Preferences: An Econometric Analysis,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 12(6), pages 665-686, Nov.-Dec..
- Kapteyn, A.J. & van de Geer, S. & van de Stadt, H. & Wansbeek, T.J., 1984. "Interdependent preferences : An econometric analysis," Research Memorandum FEW 140, Tilburg University, School of Economics and Management.
- Kapteyn, A. & Van De Ger, S. & Van De Stadt, H. & Wansbeek, T., 1989. "Interdependent Preferences: An Econometric Analysis," Papers 8954, Tilburg - Center for Economic Research.
- Kapteyn, A.J. & van der Geer, S. & van de Stadt, H. & Wansbeek, T.J., 1989. "Interdependent preferences : An econometric analysis," Discussion Paper 1989-54, Tilburg University, Center for Economic Research.
- Kapteyn, A. & van der Geer, S. & van de Stadt, H. & Wansbeek, T., 1997. "Interdependent preferences : An econometric analysis," Other publications TiSEM cd68dbcd-ca9b-45bf-9ae2-b, Tilburg University, School of Economics and Management.
- Matteo Iacoviello, 2008.
"Household Debt and Income Inequality, 1963-2003,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 40(5), pages 929-965, August.
- Matteo Iacoviello, 2005. "Household Debt and Income Inequality, 1963-2003," Boston College Working Papers in Economics 629, Boston College Department of Economics, revised 18 Oct 2007.
- Matteo Iacoviello, 2006. "Household Debt and Income Inequality, 1963-2003," 2006 Meeting Papers 585, Society for Economic Dynamics.
- Moritz Drechsel-Grau & Kai D. Schmid, 2013.
"Consumption-Savings Decisions under Upward Looking Comparisons: Evidence from Germany, 2002-2011,"
SOEPpapers on Multidisciplinary Panel Data Research
594, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Moritz Drechsel-Grau & Kai Daniel Schmid, 2013. "Consumption-Savings Decisions under Upward Looking Comparisons: Evidence from Germany, 2002-2011," IMK Working Paper 118-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Erzo F. P. Luttmer, 2005.
"Neighbors as Negatives: Relative Earnings and Well-Being,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 120(3), pages 963-1002.
- Luttmer, Erzo F. P., 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," Working Paper Series rwp04-029, Harvard University, John F. Kennedy School of Government.
- Erzo F.P. Luttmer, 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," NBER Working Papers 10667, National Bureau of Economic Research, Inc.
- Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers CWP09/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Karen E. Dynan & Enrichetta Ravina, 2007. "Increasing Income Inequality, External Habits, and Self-Reported Happiness," American Economic Review, American Economic Association, vol. 97(2), pages 226-231, May.
- Karen E. Dynan, 2000. "Habit Formation in Consumer Preferences: Evidence from Panel Data," American Economic Review, American Economic Association, vol. 90(3), pages 391-406, June.
- Romain Ranciere & Nathaniel A. Throckmorton & Michael Kumhof & Claire Lebarz & Alexander W. Richter, 2012. "Income Inequality and Current Account Imbalances," IMF Working Papers 12/8, International Monetary Fund.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
Review of Economic Studies,
Oxford University Press, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
- Ferrer-i-Carbonell, Ada, 2005. "Income and well-being: an empirical analysis of the comparison income effect," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 997-1019, June.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The macroeconomic challenge
by chris dillow in Stumbling and Mumbling on 2014-02-19 20:07:50
- Incomes & satisfaction
by chris dillow in Stumbling and Mumbling on 2014-07-06 17:53:41
- Peer effects in companies
by chris dillow in Stumbling and Mumbling on 2014-08-06 18:22:15
- Uses of illiteracy
by chris dillow in Stumbling and Mumbling on 2014-09-10 18:58:00
- Socially influenced preferences
by chris in Stumbling and Mumbling on 2016-11-02 17:53:20
- Elites or people?
by chris in Stumbling and Mumbling on 2016-12-01 19:13:41
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Alvarez-Cuadrado, Francisco & Japaridze, Irakli, 2017.
"Trickle-down consumption, financial deregulation, inequality, and indebtedness,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 134(C), pages 1-26.
- Francisco ALVAREZ-CUADRADO & Irakli JAPARIDZE, 2015. "Trickle-Down Consumption, Financial Deregulation, Inequality, and Indebtedness," Cahiers de recherche 10-2015, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
More about this item
KeywordsHousehold Consumption; Reference Consumption; Habits; Relative Income Hypothesis; Difference GMM; PSID;
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-29 (All new papers)
- NEP-HME-2013-11-29 (Heterodox Microeconomics)
- NEP-MAC-2013-11-29 (Macroeconomics)
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imk:wpaper:123-2013. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz). General contact details of provider: http://edirc.repec.org/data/imkhbde.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.