Is wealth accumulation a luxury good?

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 115
Issue: 3
Pages: 523-526

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper structurally estimates the Capitalist Spirit Model, in which utility derives from direct preferences for wealth. Its results support the hypothesis that wealth accumulation is a luxury good, by showing that the marginal utility from wealth declines more slowly than that from consumption.

Technical Details

RePEc Handle
repec:eee:ecolet:v:115:y:2012:i:3:p:523-526
Journal Field
General
Author Count
1
Added to Database
2026-01-29