システム情報系 社会工学域                            

         平成25年度  ファカルティ・セミナー

                       (Faculty Seminar)

日 時 : 201426()  16:30-18:00

場 所 : 第三学群F棟 3F1115

講演者 : ディミトリ・リティシェフ [ 学習院大学 経済学部  ]

司会者 : 石川 竜一郎

演 題 : The Work-Leisure Tradeoff and Relative Income Concerns in the Shadow of the Housing Market

 

 

                           abstract

 

A theoretical model is used to explore the hypothesis that price formation in the housing market hinders the conversion of rising productivity into leisure. It is shown that relative income concerns may arise as a side-effect of bidding for housing and counteract preferences to reduce work hours in response to higher hourly wages, when broad advances in productivity raise the wages of all. The model demonstrates how relative income concerns can arise in a market economy even in the absence of the psychological and social factors emphasised in research on interdependent preferences and subjective well-being.