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Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions

Christian Seidl, Stefan Traub () and Andrea Morone ()

Experimental from EconWPA

Abstract: This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back-ground context effects,individual income satisfaction versus aggregate well-being, and the dual patterns of income categorization and limen setting. It is shown that background context effects exist and are reected in relative deprivation. Not all precepts of range-frequency theory can be evidenced. Moreover, we demonstrate a welfare paradox which concerns a contradiction between individual income satisfaction and aggregate well-being. Finally, income categorization and limen setting harbor no response-mode effects, but exhibit conformity.

Keywords: Relative Deprivation; Income Distributions; Income Satisfaction; Context Effects (search for similar items in EconPapers)
JEL-codes: D31 D63 C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-ltv and nep-mic
Date: 2004-01-20
Note: Type of Document - pdf
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http://128.118.178.162/eps/exp/papers/0401/0401004.pdf (application/pdf)

Related works:
Working Paper: Relative Deprivation, Personal Income Satisfaction, and Average Well-being under Different Income Distributions (2005) Downloads
Working Paper: Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions (2003) Downloads
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