DOES ENVY DESTROY SOCIAL FUNDAMENTALS? THE IMPACT OF RELATIVE INCOME POSITION ON SOCIAL CAPITAL

Justina A. V. Fischer and Benno Torgler

STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers from Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

Abstract: Research evidence on the impact of relative income position on individual attitudes and behaviour is sorely lacking. Therefore, this paper assesses such positional impact on social capital by applying 14 different measurements to International Social Survey Programme data from 25 countries. We find support for a positional concern effect or 'envy' whose magnitude in several cases is quite substantial. The results indicate that such an effect is non-linear. In addition, we find an indication that absolute income level is also relevant. Lastly, changing the reference group (regional versus national) produces no significant differences in the results.

Keywords: Relative income position; envy; positional concerns; social capital; social norms; happiness (search for similar items in EconPapers)
JEL-codes: D00 D60 H26 I31 Z13 (search for similar items in EconPapers)
Date: 2006-02
New Economics Papers: this item is included in nep-ltv, nep-pbe and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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https://sticerd.lse.ac.uk/dps/de/DEDPS46.pdf (application/pdf)

Related works:
Working Paper: Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital (2006)
Working Paper: Does envy destroy social fundamentals? The impact of relative income position on social capital (2006)
Working Paper: Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital (2006)
Working Paper: Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:stidep:46

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