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Title:Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions PDF Logo
Authors:Seidl, Christian
Traub, Stefan
Morone, Andrea
Issue Date:2003
Series/Report no.:Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2003,05
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 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.
Subjects:Relative Deprivation
Income Distributions
Income Satisfac- tion
Context Effects.
JEL:C91
D63
D31
Persistent Identifier of the first edition:urn:nbn:de:101:1-200910201065
Document Type:Working Paper
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

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