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- Aronsson, Thomas,1963-Umeå universitet,Nationalekonomi (author)
Genuine Saving and Positional Externalities
- Article/chapterEnglish2017
Publisher, publication year, extent ...
- 2017-11-28
- Wiley,2017
Numbers
- LIBRIS-ID:oai:gup.ub.gu.se/261629
- https://gup.ub.gu.se/publication/261629URI
- https://doi.org/10.1111/iere.12248DOI
- https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-124567URI
Supplementary language notes
- Language:English
Part of subdatabase
- SwePubSwePub
Classification
Notes
- Much evidence suggests that people are concerned with their relative consumption. Yet, positional externalities have so far been ignored in savings-based indicators of sustainable development. This article examines the implications of relative consumption concerns for measures of sustainable development by deriving analogues to genuine saving when people are concerned with their relative consumption. Unless the positional externalities have been internalized, an indicator of such externalities must be added to genuine saving to arrive at the proper measure of welfare change. We also show how relative consumption concerns affect the way public investment ought to be reflected in genuine saving.
Subject headings and genre
- SAMHÄLLSVETENSKAP Ekonomi och näringsliv Nationalekonomi hsv//swe
- SOCIAL SCIENCES Economics and Business Economics hsv//eng
- welfare equivalent nnp
- relative income
- consumption externalities
- conspicuous consumption
- national product
- public-goods
- taxation
- happiness
- joneses
- sustainability
- nationalekonomi
Added entries (persons, corporate bodies, meetings, titles ...)
- Johansson-Stenman, Olof,1966Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics(Swepub:gu)xjohol (author)
- G, Stanford California V. P. (author)
- Umeå universitetNationalekonomi (creator_code:org_t)
Related titles
- In:International Economic Review: Wiley58:4, s. 1155-11900020-65981468-2354
Internet link
- http://umu.diva-portal.org/smash/get/diva2:953010/FULLTEXT01
- https://doi.org/10.1111/iere.12248Fulltext
- https://umu.diva-portal.org/smash/get/diva2:953010/FULLTEXT01.pdffulltext:print
- https://gup.ub.gu.se/publication/261629
- https://doi.org/10.1111/iere.12248
- https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-124567
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