STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models
(2012)
Journal Article
Tsoukis, C., & TOURNEMAINE, F. (2013). STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models. Manchester School, 81, 65-92. https://doi.org/10.1111/j.1467-9957.2012.02317.x
We introduce status in a standard (‘canonical’) macro model of growth and distribution. Status is introduced in a flexible way that allows for intrinsic and extrinsic motivation, loss aversion, heterogeneity in motives and inequality aversion. We inc... Read More about STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY*: Status in Macro Models.