The relative income hypothesis: A comparison of methods

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.

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Year of publication:	2015
Authors:	Brown, Sarah ; Gray, Daniel ; Roberts, Jennifer
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 130.2015, C, p. 47-50
Publisher:	Elsevier
Subject:	Relative income \| Reference group \| Subjective well-being

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Type of publication:	Article
Classification:	I31 - General Welfare; Basic Needs; Quality of Life
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011263412