Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125367
Authors: 
Chen, Xi
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 140
Abstract: 
People who are unable to maintain the same standard of living as others around them experience a sense of relative deprivation that has been shown to reduce feelings of well-being. Relative deprivation reflects conditions of worsening relative poverty despite striking reductions in absolute poverty. The effects of relative deprivation explain why average happiness has been stagnant over time despite sharp rises in income. Consumption taxes on status-seeking spending, along with official and traditional sanctions on excess consumption and redistributive policies may lessen the negative impact of relative deprivation on well-being.
Subjects: 
relative status
relative poverty
relative deprivation
health
happiness
well-being
JEL: 
I14
I32
Z18
D62
D78
D63
Persistent Identifier of the first edition: 
Document Type: 
Article

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