Friehe, Tim; Mechtel, Mario; Pannenberg, Markus - Forschungsbasierte Infrastruktureinrichtung … - 2014
This paper presents detailed evidence about who compares to whom in terms of relative income. We rely on representative survey data on the importance of income comparisons vis-a-vis seven reference groups, allowing us to exploit within-subject heterogeneity. We explore the prevalence and...
