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

Christian Seidl, Stefan Traub () and Andrea Morone

Experimental from University Library of Munich, Germany

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: C91 D31 D63 (search for similar items in EconPapers)
Date: 2004-01-20
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-ltv and nep-mic
Note: Type of Document - pdf
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Citations: View citations in EconPapers (5)

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Related works:
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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