Social Organization in an Endogenous Growth Model
构建了一个内生增长模型,其中个体通过匹配消费非交易商品,匹配过程内生地产生对相对财富的关注,从而促进资本积累和经济增长,并研究了匹配过程中的社会分层如何影响经济增长。
We develop an endogenous growth model in which individuals form matches in order to consume goods that are not explicitly traded. The matching process endogenously generates a concern for relative wealth and is thereby beneficial for capital accumulation and economic growth. We then study how social segmentation in the matching process affects economic growth. Under strong segmentation, social competition over mates occurs inside homogeneous groups. This homogeneity increases the severity of the “rat race” of wealth accumulation and fosters economic growth.