<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
  <dc:creator>Grossmann, Volker</dc:creator>
  <dc:date>1998</dc:date>
  <dc:description xmlns:ns0="xml" ns0:lang="en">This paper explores the impact of status orientation on both savings behavior and factor income redistribution in an endogenous growth model with majority voting. If a steady state exists, in an equilibrium for given policy variables the effect of status preferences on investment-driven growth depends on the degree of relative risk aversion. Allowing for endogenous tax policies, desired saving incentives and thus growth rates are altered by status concerns, i.e. redistributive capital income tax rates rise with status orientation of the (capital-poor) median voter, unambiguously depressing growth.</dc:description>
  <dc:format>application/pdf</dc:format>
  <dc:identifier>https://folia.unifr.ch/global/documents/322664</dc:identifier>
  <dc:identifier>https://folia.unifr.ch/documents/322664/files/finanzarchiv-arestatusconcernsharmfulforgrowth_1.pdf</dc:identifier>
  <dc:language>eng</dc:language>
  <dc:relation>http://www.jstor.org/stable/40912844</dc:relation>
  <dc:rights>info:eu-repo/semantics/openAccess</dc:rights>
  <dc:rights>License undefined</dc:rights>
  <dc:source>FinanzArchiv / Public Finance Analysis. - Mohr Siebeck Verlag. - 1998, vol. 55, no. 3, p. 357-373</dc:source>
  <dc:subject xmlns:ns1="xml" ns1:lang="en">Growth</dc:subject>
  <dc:subject xmlns:ns2="xml" ns2:lang="en">Savings</dc:subject>
  <dc:subject>info:eu-repo/classification/udc/33</dc:subject>
  <dc:title xmlns:ns3="xml" ns3:lang="en">Are Status Concerns Harmful for Growth?</dc:title>
  <dc:type>http://purl.org/coar/resource_type/c_6501</dc:type>
</oai_dc:dc>