The relative income hypothesis: a comparison of methods

Publication type

Journal Article

Published in

Economics Letters

Authors

Sarah Brown, Daniel Gray and Jennifer Roberts

Publication date

Summary

Studies of the relative income hypothesis find positive and negative
effects of relative income. To facilitate comparisons we use a large
household panel and highlight the sensitivity of the relative income
effect to the definition of the reference group and to the estimation
strategy employed.

Volume and page numbers

130, 47-50

DOI

http://dx.doi.org/10.1016/j.econlet.2015.02.031

ISSN

16

Subjects

Income Dynamics and Well Being

Notes

Open Access article; Under a Creative Commons license