Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Keeping up with "The Joneses": reference dependent choice with social
  comparisons   Keeping up with "The Joneses" matters. This paper examines a model of
reference dependent choice where reference points are determined by social
comparisons. An increase in the strength of social comparisons, even by only a
few agents, increases consumption and decreases welfare for everyone.
Strikingly, a higher marginal cost of consumption can increase welfare. In a
labour market, social comparisons with co-workers create a big fish in a small
pond effect, inducing incomplete labour market sorting. Further, it is the
skilled workers with the weakest social networks who are induced to give up
income to become the big fish.

8
The categories of this paper are: hep-ex
11
The categories of this paper are: hep-lat
30
The categories of this paper are: q-alg
33
The categories of this paper are: plasm-ph
22
The categories of this paper are: chao-dyn
28
The categories of this paper are: alg-geom
6
The categories of this paper are: astro-ph
10
The categories of this paper are: q-bio
15
The categories of this paper are: nucl-ex
20
The categories of this paper are: acc-phys
29
The categories of this paper are: funct-an
1
The categories of this paper are: cs
25
The categories of this paper are: patt-sol
17
The categories of this paper are: q-fin
12
The categories of this paper are: nucl-th
26
The categories of this paper are: bayes-an