Relative Deprivation, Personal Income Satisfaction, and Average Well-being under Different Income Distributions
This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain back-ground context effects,individual income satisfaction versus aggregate well-being, and the dual patterns of income categorization and limen setting. It is shown that background context effects exist and are reected in relative deprivation. Not all precepts of range-frequency theory can be evidenced. Moreover, we demonstrate a welfare paradox which concerns a contradiction between individual income satisfaction and aggregate well-being. Finally, income categorization and limen setting harbor no response-mode effects, but exhibit conformity.
(This abstract was borrowed from another version of this item.)
|Date of creation:||2005|
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Web page: http://www.wider.unu.edu/
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- repec:ner:tilbur:urn:nbn:nl:ui:12-364298 is not listed on IDEAS
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