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Justina A.V. Fischer and Benno Torgler
''The Effect of Relative Income Position on Social Capital''
( 2006, Vol. 26 No.4 )
This paper examines the influence of relative income position on individuals' attitudes by analyzing ISSP 1998 microdata from 25 countries along four different dimensions. Our results provide evidence for a sizeable relative income effect while also suggesting that absolute income level may be relevant. Changing the income reference group from regional to national does not significantly alter the results.
Keywords: Envy
JEL: Z1 - Cultural Economics; Economic Sociology; Economic Anthropology: General
Manuscript Received : Apr 26 2006 Manuscript Accepted : Nov 15 2006

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