Construct · 1 fields · 1 citations

keeping up with the Joneses: a standalone construct

One name. One construct. A landmark on the map.

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Economics

preferences in which people care about their consumption relative to others', with effects on saving, portfolios and asset prices.

In economics, keeping up with the Joneses refers to preferences in which people care about their consumption relative to others', with effects on saving, portfolios and asset prices. This meaning comes from Gali (1994) in Journal of Money, Credit and Banking.[1]

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs consumption3 fields · 5 citationsjingle · one word, three constructs credit2 fields · 2 citationsjingle · one word, two constructs

References

Gali, J. (1994). Keeping up with the Joneses: Consumption Externalities, Portfolio Choice, and Asset Prices. Journal of Money, Credit and Banking, 26(1), 1. https://doi.org/10.2307/2078030

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