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Money and Success –Sibling and Birth-Order Effects on Positional Concerns

Listed author(s):
  • Lampi, Elina

    ()

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

  • Nordblom, Katarina

    ()

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Survey data is used to investigate how birth order and having siblings affect positional concerns in terms of success at work and of income. We find that only-children are the most concerned with relative position, but that number of siblings increases the concern among those who grew up together with siblings. Furthermore, people whose parents often compared them with their siblings have stronger positional concerns in general. We find differences depending on whether the issue is relative income or relative successfulness, and that people generally have stronger positional concern in relation to friends, but less so in relation to parents and least in relation to siblings. We also find that younger respondents are far more concerned with relative position than older in all studied situations.

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File URL: http://hdl.handle.net/2077/9989
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Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 299.

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Length: 29 pages
Date of creation: 18 Apr 2008
Publication status: Published in Journal of Economic Psychology, 2010, pages 131-142.
Handle: RePEc:hhs:gunwpe:0299
Contact details of provider: Postal:
Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden

Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/

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