Clark, Andrew E.; Masclet, David; Villeval, Marie-Claire - London School of Economics (LSE) - 2008
’ incomes on individual effort in both datasets. The individual’s rank in the income distribution is a stronger determinant of … effort than is others’ average income, suggesting that comparisons are more ordinal than cardinal. In the experiment, effort … is also affected by comparisons over time: those who received higher income offers or enjoyed higher income rank in the …