Status in a canonical macro model: labour supply, growth, and inequality

Christopher Tsoukis and Frederic Tournemaine

MPRA Paper from University Library of Munich, Germany

Abstract: We introduce status in the most standard (canonical) macro model that is able to provide an analysis of growth and distribution. We consider the question of whether status considerations enable the model to meet some important empirical findings (which we review) related to rising labour supply (the work-life balance), rising income inequality, and changing factor shares. We find a promising role for status in the explanation of these empirical regularities.

Keywords: Status; growth; inequality; labour supply; social/behavioural macroeconomics (search for similar items in EconPapers)
JEL-codes: E21 E25 O41 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-fdg
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: STATUS IN A CANONICAL MACRO MODEL: LABOUR SUPPLY, GROWTH AND INEQUALITY (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26480

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