Satisfaction and Comparison Income in Japan: evidence from data of Japanese union workers

Katsunori Yamada (), Atsushi Sannabe () and Takashi Saito ()
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Katsunori Yamada: Graduate School of Economics, Kyoto University
Atsushi Sannabe: Graduate School of Economics, Kyoto University
Takashi Saito: Graduate School of Economics, Kyoto University

Economics Bulletin, 2005, vol. 4, issue 17, 1-20

Abstract: This paper presents preliminary results of empirical tests for Japanese union workers on a relative utility hypothesis, along the line developed by Clark and Oswald (1996). While our results support the existence of relative utility among Japanese union workers, a caveat is presented. We argue that the traditional approach in constructing a measure of relative income might be inappropriate, at least with regard to Japanese union workers.

Keywords: Comparison; income (search for similar items in EconPapers)
JEL-codes: D0 Z0 (search for similar items in EconPapers)
Date: 2005-12-21
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Citations: View citations in EconPapers (2)

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