Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-51534
Winkelmann, Rainer (2011). Conspicuous Consumption and Satisfaction. Working paper series / Department of Economics No. 30, University of Zurich.
Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction o*ers an alternative for estimating such consumption externalities. The approach is developed in the context of luxury car consumption (Ferraris and Porsches) in Switzerland. Results from household panel data and *xed e*ects panel regressions suggest that the prevalence of luxury cars in the municipality of residence has a negative impact on own income satisfaction.
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|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
|JEL Classification:||D12, D62, I31|
|Deposited On:||25 Nov 2011 10:13|
|Last Modified:||17 Oct 2012 07:13|
|Series Name:||Working paper series / Department of Economics|
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