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Keeping Up with the Joneses: Evidence from Micro Data

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  • Enrichetta Ravina

    (Economics Northwestern University)

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  • Enrichetta Ravina, 2005. "Keeping Up with the Joneses: Evidence from Micro Data," 2005 Meeting Papers 557, Society for Economic Dynamics.
  • Handle: RePEc:red:sed005:557
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    More about this item

    Keywords

    habit persistence; micro data; equity premium; aggregation;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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