We embed an experiment in a large-scale representative survey to investigate how relative wealth affects risk … their relative wealth as low display more tolerance towards risk in a subsequent incentivized risk-taking task. This effect …

literature on absolute and relative wealth and SWB by utilizing unique microdata from a German wealth survey, the German Panel on … observe divergent effects of relative wealth on SWB among younger and older individuals. These results underscore the …

We employ a novel approach for analyzing the effects of relative consumption and relative wealth preferences on both … to measure the strength of the relative consumption and the relative wealth motive. We go beyond the sole consideration … also affects the strength of the relative wealth motive and the elasticity of intertemporal substitution. …

We employ a novel approach for analyzing the effects of relative consumption and relative wealth preferences on both … to measure the strength of the relative consumption and the relative wealth motive. We go beyond the sole consideration … also affects the strength of the relative wealth motive and the elasticity of intertemporal substitution. …

aggressive (that is, riskier) manner. Assuming that single men believe that low relative wealth has a negative effect on their … stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier …

his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual …'s absolute wealth, we obtain two results. First, if the individual's level of concern about low relative wealth does not change … concern about low relative wealth intensifies when he rises in the wealth hierarchy and if, in precise sense, this …