GUPEA >
School of Business, Economics and Law / Handelshögskolan >
Department of Economics / Institutionen för nationalekonomi med statistik >
Working papers >

How Much Do We Care About Absolute Versus Relative Income and Consumption?


Please use this identifier to cite or link to this item: http://hdl.handle.net/2077/2676

Files in This Item:

File Description SizeFormat
gunwpe0063.pdf636KbAdobe PDF
View/Open
Title: How Much Do We Care About Absolute Versus Relative Income and Consumption?
Authors: Johansson-Stenman, Olof
Carlsson, Fredrik
Alpizar, Francisco
Issue Date: 2001
University: Göteborg University. School of Business, Economics and Law
Extent: 29 pages
651668 bytes
Publication type: Report
Series/Report no.: Working Papers in Economics, nr 63
Keywords: status; relative income; optimal taxes; experiments
Abstract: We find, using survey-experimental methods, that most individuals are concerned with both relative income and relative consumption of particular goods. The degree of concern varies in the expected direction depending on the properties of the good. However, contrary to what has been suggested in the previous literature, we find that relative consumption is also important for vacation and insurance, which are typically seen as non-positional goods. Further, absolute consumption is also found ... more
ISSN: 1403-2465
URI: http://hdl.handle.net/2077/2676
Appears in Collections:Working papers

 

 

© Göteborgs universitet 2011