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Ambition and Jealousy: Income Interactions in the "Old" Europe versus the "New" Europe and the United States

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  • Senik, Claudia

    ()
    (Paris School of Economics)

Abstract

This paper asks how income distribution affects individual well-being and tries to explore the idea that this relation depends on the degree of mobility and uncertainty in the economy. It mostly concentrates on the relation between satisfaction and reference income (defined as the income of one’s professional peers), and hinges on the micro-econometric analysis of household survey data (mostly panel), including subjective attitudinal questions. Using over one million observations, it uncovers a divide between "old" -low mobility- European countries versus "new" European post-Transition countries and the United States. Whereas "jealousy" is dominant in the former, "ambition" is even stronger in the latter.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2083.

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Length: 40 pages
Date of creation: Apr 2006
Date of revision:
Publication status: published in: Economica, 2008, 75 (299), 495-513
Handle: RePEc:iza:izadps:dp2083

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Related research

Keywords: European Union; subjective well-being; comparison income; income distribution; Transition;

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  1. Bruno Frey & Matthias Benz, 2003. "Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy," CESifo Working Paper Series 959, CESifo Group Munich.
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  12. Senik, Claudia, 2005. "Ambition and jealousy. Income Interactions in the "old" Europe versus The "New" Europe and the United States," CEPREMAP Working Papers (Docweb) 0510, CEPREMAP.
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