Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions
Stefan Traub () and
Andrea Morone ()
Experimental from EconWPA
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
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Working Paper: Relative Deprivation, Personal Income Satisfaction, and Average Well-being under Different Income Distributions (2005)
Working Paper: Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpex:0401004
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