Abstract

http://ssrn.com/abstract=1206302
 
 

References (23)



 
 

Citations (1)



 


 



Sector-Specific Externalities and Status Preferences in the Uzawa-Lucas Model


Koichi Kawamoto


affiliation not provided to SSRN

2006-09-07

Japanese Economic Review, Vol. 59, Issue 3, pp. 312-323, September 2008

Abstract:     
This paper shows that introducing preferences for social status based on human capital holdings modifies the finding of Gómez (2004) that sector-specific externalities associated with human capital in the goods sector do not violate the optimality of the competitive economy in the Uzawa-Lucas model. The effect of an increase in the degree of sector-specific externalities is qualitatively the same as that of an increase in the strength of the desire for status. Hence, paradoxically, a greater degree of sector-specific externalities makes human capital accumulation more excessive from the social point of view.

Number of Pages in PDF File: 12

JEL Classification: E62, H21, O41

Accepted Paper Series


Date posted: August 6, 2008  

Suggested Citation

Kawamoto, Koichi, Sector-Specific Externalities and Status Preferences in the Uzawa-Lucas Model (2006-09-07). Japanese Economic Review, Vol. 59, Issue 3, pp. 312-323, September 2008. Available at SSRN: http://ssrn.com/abstract=1206302 or http://dx.doi.org/10.1111/j.1468-5876.2008.00419.x

Contact Information

Koichi Kawamoto (Contact Author)
affiliation not provided to SSRN
Feedback to SSRN


Paper statistics
Abstract Views: 124
Downloads: 2
References:  23
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.297 seconds