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Economics Working Papers, Department of Economics, CAU Kiel >
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| Title: | | Relative Deprivation, Personal Income Satisfaction, and Average Well-Being under Different Income Distributions  |
| 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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