TY  - RPRT
        AU  - Leites, Martin
AU  - Paleo, Camila
AU  - Ramos, Xavier
AU  - Salas, Gonzalo
        TI  - Choosing or Inheriting the Joneses: The Origins of Reference Groups
        PY  - 2022/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15584
        UR  - https://www.iza.org/publications/dp15584
        AB  - Do individuals choose their reference groups, i.e. their Joneses, or are they culturally transmitted across generations? We provide evidence that feeds the theoretical debate about the endogeneity or exogeneity of reference groups. Our findings for Uruguay suggest that reference groups are largely transmitted across generations. We also find individuals to have multiple reference groups and these to be context-specific. Our results are robust to several checks and to endogeneity issues.
        KW  - intergenerational transmission
KW  - reference group
KW  - income comparisons
        ER  -