occupations have different income levels. Welfare level thus varies from person to person. Obviously an indignant feeling arises …Purpose – Individuals earn their income from different sources in an economy. Persons being engaged with different … out of interpersonal shortages of income which is viewed as relative deprivation of the person to whom shortages are …

occupations have different income levels. Welfare level thus varies from person to person. Obviously an indignant feeling arises …Purpose – Individuals earn their income from different sources in an economy. Persons being engaged with different … out of interpersonal shortages of income which is viewed as relative deprivation of the person to whom shortages are …

visibility in the deprivation of goods and assets vis-à-vis income behind perceptions of relative deprivation. We rely on … that of deprivation in income. The effect is robust under various sensitivity checks and for a number of controls. The … relative economic situation and proposes that future research should not solely rely on income-based deprivation measures. …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … inequality by about 0.7 percentage points (measured by top 10 percent share). Average welfare increases by about 0.5 percent …

for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … by 0.7 percentage points (measured by the top 10 percent share). Average welfare increases by 0.5 percent. The household …

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are … sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of …