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Ambition and jealousy. Income Interactions in the "old" Europe versus The "New" Europe and the United States

Listed author(s):
  • Senik, Claudia

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, in the perception of income inequality, between “old” -low mobility- European countries on the one hand, and “new” European post-Transition countries and the United States, on the other hand. Whereas “jealousy” is dominant in the former, “ambition” is even stronger in the latter.

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File URL: http://www.cepremap.fr/depot/docweb/docweb0510.pdf
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Paper provided by CEPREMAP in its series CEPREMAP Working Papers (Docweb) with number 0510.

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Length: 43 pages
Date of creation: Oct 2005
Handle: RePEc:cpm:docweb:0510
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