Akay, Alpaslan; Bargain, Olivier B.; Giulietti, Corrado; … - 2015
relative concerns with respect to income and remittances. Our results show that although rural households experience … substantial utility loss due to income comparisons, they gain utility by comparing their remittances with those received by their … reference group. In other words, we find evidence of a "status-effect" with respect to income and of a "signal-effect" with …