Please use this identifier to cite or link to this item: https://doi.org/10.1016/S0167-2681(01)00146-9
DC FieldValue
dc.titleAttitude choice, economic change, and welfare
dc.contributor.authorNg, Y.-K.
dc.contributor.authorWang, J.
dc.date.accessioned2011-05-03T08:07:50Z
dc.date.available2011-05-03T08:07:50Z
dc.date.issued2001
dc.identifier.citationNg, Y.-K., Wang, J. (2001). Attitude choice, economic change, and welfare. Journal of Economic Behavior and Organization 45 (3) : 279-291. ScholarBank@NUS Repository. https://doi.org/10.1016/S0167-2681(01)00146-9
dc.identifier.issn01672681
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/22266
dc.description.abstractAs supported by commonsense and substantial evidence (discussed in Sections 1 and 2), one's attitude toward wealth may affect utility and people can, at least to some extent and at some costs, choose their attitudes. Using a very simple model of attitude choice (Section 3) and analysing the comparative-static effects of some economic changes (Section 4), this paper shows that individuals with high/low incomes tend to adopt an attitude emphasizing the importance of material consumption more/less. Economic growth unambiguously increases the utility of the rich (unless the generation of growth itself is too costly) by increasing both their income and the prevailing materialistic attitude. It has an ambiguous effect on the poor as it makes them better off through a higher income level, but worse off through a higher prevailing materialistic attitude. © 2001 Elsevier Science B.V.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/S0167-2681(01)00146-9
dc.sourceScopus
dc.subjectAspiration
dc.subjectAttitude
dc.subjectD10
dc.subjectD60
dc.subjectEconomic growth
dc.subjectMaterialistic
dc.subjectWelfare
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/S0167-2681(01)00146-9
dc.description.sourcetitleJournal of Economic Behavior and Organization
dc.description.volume45
dc.description.issue3
dc.description.page279-291
dc.description.codenJEBOD
dc.identifier.isiut000169248300004
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