Reference groups and individual deprivation
نویسندگان
چکیده
منابع مشابه
Reference Groups, Reference Income and Inequality Perception
The Easterlin paradox questions the way income can enter a utility function. Individuals are said to be sensitive not to the level of their income, but to their relative income as measured by the ratio between their income and the mean income of their reference group. We propose a reference group based on human capital and relate well-being to income dynamics using panel data with income variat...
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We introduce and axiomatize a one-parameter class of individual deprivation measures. Motivated by a suggestion of Runciman, we modify Yitzhaki’s index by multiplying it by a function that is interpreted as measuring the part of deprivation generated by an agent’s observation that others in its reference group move on to a higher level of income than itself. The parameter reflects the relative ...
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Social networks and social interactions affect individual and social norms. We develop a direct test of this using Dutch survey data on how respondents evaluate work disability of hypothetical people with some work related health problem (vignettes). We analyze how the thresholds respondents use to decide what constitutes a (mild or more serious) work disability depend on the number of people r...
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The present article examines two important effects that have been given scant attention in prior studies of variable risk strategies. The first effect, reference group sensitivity, is the degree to which decision makers’ aspirations are sensitive to their reference group. In this paper we compare the performances of decision makers with alternative levels of reference group sensitivity. Second,...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2006
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2005.10.003