his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual …'s absolute wealth, we obtain two results. First, if the individual's level of concern about low relative wealth does not change …, the individual becomes more risk averse when he rises in the wealth hierarchy. Second, if the individual's level of …

Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing … preferences towards gaining or losing absolute wealth. We show that in this characterization of preferences, a high … aversion with respect to rank in the wealth distribution is a decreasing function of rank. This result is robust to …

attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …

Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion … economists. We obtain two results: (1) Holding individual i's wealth and his rank in the wealth distribution constant, the … wealth of the individuals who are wealthier than he is. (2) If relative deprivation enters the individual's utility function …

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …

for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …