Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/92799 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 715
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
We consider three objects of people's status preference, consumption, physical capital holding and money holding, and show that an economy grows or stagnates depending on which object people most seriously take as status. If the main object of status preference is consumption, a steady state with full employment is reached. If it is physical capital (viz. a producible asset), permanent growth with full employment occurs. However, if it is money (viz. an unproducible asset), stagnation with persistent unemployment arises.
Schlagwörter: 
Status Preference
Persistent Unemployment
Long-Run Growth
JEL: 
E12
E24
O41
Dokumentart: 
Working Paper

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