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Another Avenue for Anatomy of Income Comparisons: Evidence from Hypothetical Choice Experiments

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  • Katsunori Yamada
  • Masayuki Sato

Abstract

We propose a new avenue for studying income comparisons effects, namely hypothetical discrete choice experiments in which respondents are presented with alternative combinations of hypothetical monthly income amounts, both for themselves and certain reference persons. With this experimental method we can avoid the problems associated with researcher-imposed reference personsEincomes that are found in most of the happiness studies testing comparison effects. This approach allows investigation of the differences in comparison effects across types of reference groups as well as respondentsEindividual characteristics, including specific comparison benchmarks, which are the main open questions in the literature. Some results from our original, large-scale, Internet-based survey are provided.

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Paper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0795.

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Date of creation: Sep 2010
Date of revision: Mar 2013
Handle: RePEc:dpr:wpaper:0795

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  6. 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.
  7. Clark, Andrew E. & Senik, Claudia, 2009. "Who Compares to Whom? The Anatomy of Income Comparisons in Europe," IZA Discussion Papers 4414, Institute for the Study of Labor (IZA).
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Cited by:
  1. 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.
  2. Clark, Andrew E. & D'Ambrosio, Conchita, 2014. "Attitudes to Income Inequality: Experimental and Survey Evidence," IZA Discussion Papers 8136, Institute for the Study of Labor (IZA).
  3. Yoshiyasu Ono & Katsunori Yamada, 2012. "Difference or Ratio: Implication of Status Preference on Stagnation," ISER Discussion Paper 0856, Institute of Social and Economic Research, Osaka University, revised Mar 2013.
  4. Seeun Jung & Yasuhiro Nakamoto & Masayuki Sato & Katsunori Yamada, 2014. "Misperception of Consumption: Evidence from a Choice Experiment," PSE Working Papers halshs-00965671, HAL.
  5. Andrew Clark & Claudia Senik & Katsunori Yamada, 2013. "The Joneses in Japan: Income Comparisons and Financial Satisfaction," ISER Discussion Paper 0866, Institute of Social and Economic Research, Osaka University.

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