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Satisfaction and Comparison Income in Japan: evidence from data of Japanese union workers

Author

Listed:
  • Katsunori Yamada

    (Graduate School of Economics, Kyoto University)

  • Atsushi Sannabe

    (Graduate School of Economics, Kyoto University)

  • Takashi Saito

    (Graduate School of Economics, Kyoto University)

Abstract

This paper presents preliminary results of empirical tests for Japanese union workers on a relative utility hypothesis, along the line developed by Clark and Oswald (1996). While our results support the existence of relative utility among Japanese union workers, a caveat is presented. We argue that the traditional approach in constructing a measure of relative income might be inappropriate, at least with regard to Japanese union workers.

Suggested Citation

  • Katsunori Yamada & Atsushi Sannabe & Takashi Saito, 2005. "Satisfaction and Comparison Income in Japan: evidence from data of Japanese union workers," Economics Bulletin, AccessEcon, vol. 4(17), pages 1-20.
    • Handle: RePEc:ebl:ecbull:eb-05d00001
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    File URL: http://www.accessecon.com/pubs/EB/2005/Volume4/EB-05D00001A.pdf
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    Citations

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    Cited by:

    1. Kalayanee Senasu & Anusorn Singhapakdi, 2018. "Quality-of-Life Determinants of Happiness in Thailand: the Moderating Roles of Mental and Moral Capacities," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 13(1), pages 59-87, March.
    2. Yamada, Katsunori, 2008. "Macroeconomic implications of conspicuous consumption: A Sombartian dynamic model," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 322-337, July.

    More about this item

    Keywords

    Comparison income;

    JEL classification:

    • D0 - Microeconomics - - General
    • Z0 - Other Special Topics - - General

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