Income-comparison attitudes in the United States and the United Kingdom: Evidence from discrete-choice experiments

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2019
Volume: 164
Issue: C
Pages: 414-438

Authors (2)

Shigeoka, Hitoshi (Simon Fraser University) Yamada, Katsunori (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 treatment further increases 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.

Technical Details

RePEc Handle
repec:eee:jeborg:v:164:y:2019:i:c:p:414-438
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29