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On the economics of others

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  • Stark, Oded

Abstract

We relate to others in two important ways: we care about others, and we care about how we fare in comparison to others. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism. Caring about how we fare in comparison with others who fare better than ourselves can conveniently be labeled relative deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel perspectives and suggest rethinking, and possibly revising, longheld views. And I show that there are domains in which consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a fascinating sphere for research on economics and social behavior. --

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Bibliographic Info

Paper provided by University of Tuebingen, Faculty of Economics and Social Sciences in its series University of Tuebingen Working Papers in Economics and Finance with number 62.

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Date of creation: 2013
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Handle: RePEc:zbw:tuewef:62

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Keywords: Altruism; Relative deprivatio; Economic and social behavior;

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References

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  1. Stark, Oded, 1993. "Nonmarket transfers and altruism," European Economic Review, Elsevier, Elsevier, vol. 37(7), pages 1413-1424, October.
  2. Stark, Oded & Kobus, Martyna & Jakubek, Marcin, 2011. "A concern about low relative income, and the alignment of utilitarianism with egalitarianism," University of Tuebingen Working Papers in Economics and Finance 21, University of Tuebingen, Faculty of Economics and Social Sciences.
  3. Bergstrom, Theodore C & Stark, Oded, 1993. "How Altruism Can Prevail in an Evolutionary Environment," American Economic Review, American Economic Association, American Economic Association, vol. 83(2), pages 149-55, May.
  4. Fan, C. Simon & Stark, Oded, 2007. "A social proximity explanation of the reluctance to assimilate," MPRA Paper 30940, University Library of Munich, Germany.
  5. Oded Stark & Junsen Zhang, 2000. "Counter-Compensatory Inter-Vivos Transfers and Parental Altruism: Compatibility or Orthogonality?," Departmental Working Papers, Chinese University of Hong Kong, Department of Economics _117, Chinese University of Hong Kong, Department of Economics.
  6. Stark, Oded & Sorger, Gerhard, 2012. "Income redistribution going awry: The reversal power of the concern for relative deprivation," University of Tuebingen Working Papers in Economics and Finance 47, University of Tuebingen, Faculty of Economics and Social Sciences.
  7. Bernheim, B Douglas & Stark, Oded, 1988. "Altruism within the Family Reconsidered: Do Nice Guys Finish Last?," American Economic Review, American Economic Association, American Economic Association, vol. 78(5), pages 1034-45, December.
  8. Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 93(5), pages 901-18, October.
  9. Oded Stark, 2009. "Reasons for Remitting," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 10(3), pages 147-158, July.
  10. Stark, Oded & Dorn, Agnieszka, 2012. "Do family ties with those left behind intensify or weaken migrants' assimilation?," University of Tuebingen Working Papers in Economics and Finance 45, University of Tuebingen, Faculty of Economics and Social Sciences.
  11. Stark, Oded, 1989. "Altruism and the Quality of Life," American Economic Review, American Economic Association, American Economic Association, vol. 79(2), pages 86-90, May.
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Cited by:
  1. Charles Bellemare, 2004. "A Life-Cycle Model of Outmigration and Economic Assimilation of Immigrants in Germany," Cahiers de recherche, CIRPEE 0430, CIRPEE.
  2. Alice Mesnard, 2004. "Temporary migration and capital market imperfections," Oxford Economic Papers, Oxford University Press, vol. 56(2), pages 242-262, April.

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