Keeping up with the Vaishyas? Caste and relative standing in India
AbstractPeople care about relative, and not only absolute, income. This paper investigates the importance of relative income within and between castes in the Indian caste system, using a choice experimental approach. The results indicate that slightly more than half of the marginal utility of income comes from some kind of relative income effects, on average. This is comparable to the results from previous studies in other countries. Belonging to a low caste and having a low family income are associated with higher concern for relative income. Moreover, an increase in the mean income of the caste to which the individual belongs, everything else held constant, reduces utility for the individual. Thus, the negative welfare effect of having a reduced relative income compared to the own caste average income dominates the positive welfare effect due to increased relative income of the own caste compared to the income of other castes. Copyright 2009 , Oxford University Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 61 (2009)
Issue (Month): 1 (January)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://oep.oupjournals.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alem, Yonas, 2013. "Relative Standing and Life-Satisfaction: Does Unobserved Heterogeneity Matter?," Working Papers in Economics 579, University of Gothenburg, Department of Economics.
- Bönte, Werner & Filipiak, Ute, 2012. "Financial literacy, information flows, and caste affiliation: Empirical evidence from India," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3399-3414.
- Alpaslan Akay & G�khan Karabulut & Peter Martinsson, 2013.
"The effect of religiosity and religious festivals on positional concerns -- an experimental investigation of Ramadan,"
Taylor & Francis Journals, vol. 45(27), pages 3914-3921, September.
- Akay, Alpaslan & Karabulut, Gökhan & Martinsson, Peter, 2011. "The Effect of Religiosity and Religious Festivals on Positional Concerns: An Experimental Investigation of Ramadan," IZA Discussion Papers 6172, Institute for the Study of Labor (IZA).
- Carlsson, Fredrik & Qin, Ping, 2010. "It is better to be the head of a chicken than the tail of a phoenix: Concern for relative standing in rural China," The Journal of Socio-Economics, Elsevier, vol. 39(2), pages 180-186, April.
- Asadullah, Mohammad Niaz & Chaudhury, Nazmul, 2012.
"Subjective well-being and relative poverty in rural Bangladesh,"
Journal of Economic Psychology,
Elsevier, vol. 33(5), pages 940-950.
- Asadullah, Niaz & Chaudhury, Nazmul, 2012. "Subjective Well-Being and Relative Poverty in Rural Bangladesh," IZA Discussion Papers 6569, Institute for the Study of Labor (IZA).
- Carlsson, Fredrik & Qin, Ping, 2008.
"It is better to be the head of a chicken than the tail of a phoenix: a study of concern for relative standing in rural China,"
Working Papers in Economics
308, University of Gothenburg, Department of Economics.
- Carlsson, Fredrik & Qin, Ping, 2008. "It Is Better to Be the Head of a Chicken than the Tail of a Phoenix? A Study of Concern for Relative Standing in Rural China," Discussion Papers dp-08-33-efd, Resources For the Future.
- Xavier Fontaine & Katsunori Yamada, 2012. "Economic Comparison and Group Identity: Lessons from India," Working Papers hal-00711212, HAL.
- Werner Boente & Ute Filipiak, 2011. "Financial Investments, Information Flows, and Caste Affiliation - Empirical Evidence from India," Schumpeter Discussion Papers sdp11014, Universitätsbibliothek Wuppertal, University Library.
- Rik Linssen & Luuk Kempen & Gerbert Kraaykamp, 2011. "Subjective Well-being in Rural India: The Curse of Conspicuous Consumption," Social Indicators Research, Springer, vol. 101(1), pages 57-72, March.
- Adrian de la Garza & Giovanni Mastrobuoni & Atsushi Sannabe & Katsunori Yamada, 2010.
"The Relative Utility Hypothesis With and Without Self-reported Reference Wages,"
Carlo Alberto Notebooks
159, Collegio Carlo Alberto.
- Adrián De la Garza & Giovanni Mastrobuoni & Atsushi Sannabe & Katsunori Yamada, 2010. "The Relative Utility Hypothesis With and Without Self-reported Reference Wages," Working Papers 2010-19, Banco de México.
- Adrian de la Garza & Giovanni Mastrobuoni & Atsushi Sannabe & Katsunori Yamada, 2010. "The Relative Utility Hypothesis With and Without Self-reported Reference Wages," ISER Discussion Paper 0798, Institute of Social and Economic Research, Osaka University, revised Jul 2012.
- Wen-Chun Chang, 2013. "Climbing up the Social Ladders: Identity, Relative Income, and Subjective Well-being," Social Indicators Research, Springer, vol. 113(1), pages 513-535, August.
- Xavier Fontaine & Katsunori Yamada, 2013. "Caste Comparisons: Evidence from India," ISER Discussion Paper 0867, Institute of Social and Economic Research, Osaka University.
- Andrew E. Clark & Claudia Senik, 2010. "Will GDP growth increase happiness in developing countries?," Working Papers halshs-00564985, HAL.
- Xavier Fontaine & Katsunori Yamada, 2012. "Economic Comparison and Group Identity: Lessons from India," PSE Working Papers hal-00711212, HAL.
- Mueller, Ulrike, 2012. "Pro-poor Service Delivery and Social Identity: An Experimental Investigation," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.