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

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.

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Year of publication:	2005
Authors:	Yamada, Katsunori ; Sannabe, Atsushi ; Saito, Takashi
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2005, 17, p. 1-20
Publisher:	AccessEcon
Subject:	Comparison income

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	D0 - Microeconomics. General ; Z0 - Other Special Topics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005094839