Income-comparison Attitudes in the US and the UK: Evidence from Discrete-choice Experiments
Income-comparison Attitudes in the US and the UK: Evidence from Discrete-choice Experiments
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美国和英国的收入比较态度:来自离散选择实验的证据
DOI:
10.1016/j.jebo.2019.06.012
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发表时间:
2019
影响因子:
2.2
通讯作者:
K. Yamada
中科院分区:
文献类型:
--
作者:
Shigeoka;H;K. Yamada
Using representative samples for the United States and the United Kingdom, we conduct a discrete-choice experiment to estimate the degree of individuals’ propensity to compare incomes. We find that the British experience disutility from other individuals becoming wealthier, while we obtain only weak signals of income-comparison attitudes from the Americans, which is unexpected given the recent literature documenting the status-seeking among Americans. These discrepancies suggest a high sensitivity of the results on income-comparison attitudes to the design of the data. Next, we randomly provide information that increases the salience of income-comparison attitudes, and find that this treatmentfurtherincreases disutility among the British. However, here as well, the Americans remain unaffected. These findings suggest that the increased salience of income inequality may amplify the negative impact of inequality.