Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74037
Authors: 
Torgler, Benno
Schmidt, Sascha L.
Frey, Bruno S.
Year of Publication: 
2006
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 39.2006
Abstract: 
Many studies have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. However, behavioral evidence is rare. This paper provides an empirical analysis on how individuals’ relative income position affects their performance. Using a unique data set for 1114 soccer players over a period of eight seasons (2833 observations), our analysis suggests that the larger the income differences within a team, the worse the performance of the soccer players is. The more the players are integrated in a particular social environment (their team), the more evident this negative effect is.
Subjects: 
Relative Income
Positional Concerns
Envy
Performance
Social Integration
JEL: 
D00
D60
L83
Document Type: 
Working Paper

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