Relative income and the relative deprivation hypothesis

Elena Bárcena-Mart'n and Beatriz Ben'tez Aurioles

Chapter 3 in Research Handbook on Measuring Poverty and Deprivation, 2023, pp 28-38 from Edward Elgar Publishing

Abstract: The relative income hypothesis states that individual utility depends both on own income and on income relative to others. The theory of relative deprivation is concerned with the feelings evoked by social inequalities. Both hypotheses are equivalent in terms of their practical verification: individual utility is influenced by relative income, that is, personal income evaluated with respect to the income of others. This chapter reviews both hypotheses, outlines basic aspects of the proposals to measure relative deprivation, and briefly summarizes the relevant results of empirical applications that test these hypotheses.

Keywords: Development Studies; Economics and Finance; Geography; Research Methods; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2023
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