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Ambition and Jealousy: Income Interactions in the "Old" Europe versus the "New" Europe and the United States

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  • Senik, Claudia

    (Paris School of Economics)

Abstract
This paper asks how income distribution affects individual well-being and tries to explore the idea that this relation depends on the degree of mobility and uncertainty in the economy. It mostly concentrates on the relation between satisfaction and reference income (defined as the income of one’s professional peers), and hinges on the micro-econometric analysis of household survey data (mostly panel), including subjective attitudinal questions. Using over one million observations, it uncovers a divide between "old" -low mobility- European countries versus "new" European post-Transition countries and the United States. Whereas "jealousy" is dominant in the former, "ambition" is even stronger in the latter.

Suggested Citation

  • Senik, Claudia, 2006. "Ambition and Jealousy: Income Interactions in the "Old" Europe versus the "New" Europe and the United States," IZA Discussion Papers 2083, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp2083
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    European Union; subjective well-being; comparison income; income distribution; Transition;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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