The relative income hypothesis: A comparison of methods

Sarah Brown (), Daniel Gray and Jennifer Roberts

Economics Letters, 2015, vol. 130, issue C, 47-50

Abstract: Studies of the relative income hypothesis find positive and negative effects of relative income. To facilitate comparisons we use a large household panel and highlight the sensitivity of the relative income effect to the definition of the reference group and to the estimation strategy employed.

Keywords: Relative income; Reference group; Subjective well-being (search for similar items in EconPapers)
JEL-codes: I31 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (21)

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Working Paper: The Relative Income Hypothesis: A comparison of methods (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:130:y:2015:i:c:p:47-50

DOI: 10.1016/j.econlet.2015.02.031

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