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

Christian Seidl, Stefan Traub () and Andrea Morone

No 2003-05, Economics Working Papers from Christian-Albrechts-University of Kiel, Department of Economics

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 background 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 reflected 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 Satisfac- tion; Context Effects. (search for similar items in EconPapers)
JEL-codes: C91 D31 D63 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (6)

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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 (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cauewp:787

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