作者：Luttmer, EFP
作者单位：Harvard University
摘要：This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position, and does lagging behind the Joneses diminish well-being? To answer this question, I match individual-level data containing various indicators of well-being to information about local average earnings. I find that, controlling for an individual's own income, higher earnings of neighbors are associated with lower levels of self-reported happiness. ...
作者：Jones, CI
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：This paper views the standard production function in macroeconomics as a reduced form and derives its properties from microfoundations. The shape of this production function is governed by the distribution of ideas. If that distribution is Pareto, then two results obtain: the global production function is Cobb-Douglas, and technical change in the long run is labor-augmenting. Kortum showed that Pareto distributions are necessary if search-based idea models are to exhibit steady-state growth. H...
