The Relative Income and Relative Deprivation Hypotheses : A Review of the Empirical Literature

The paper provides a review of the empirical literature in economics that has attempted to test the relative income hypothesis as put forward by Duesemberry (1949) and the relative deprivation hypothesis as formalized by Runciman (1966). It is argu...

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Bibliographic Details
Main Author:	Verme, Paolo
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AVERAGE INCOMES CONSUMERS CONSUMPTION FUNCTION CROSS-COUNTRY STUDIES CROSS-SECTION DATA DATA SETS DECISION MAKING DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIMINISHING RETURNS DISTRIBUTIONAL CHANGE ECONOMETRIC ANALYSIS ECONOMETRIC ISSUES ECONOMETRIC MODEL ECONOMETRIC MODELS ECONOMETRIC PROBLEMS ECONOMETRICS ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC SYSTEMS ECONOMIC THEORY ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL MODEL EMPIRICAL MODELS EMPIRICAL RESEARCH EMPIRICAL RESULTS EMPIRICAL STUDIES EMPIRICAL WORKS EMPLOYMENT STATUS EQUATIONS EXOGENOUS SHOCKS EXPLANATORY FACTORS EXPLANATORY POWER EXPLANATORY VARIABLE EXPLANATORY VARIABLES GDP GDP PER CAPITA GINI COEFFICIENT GINI INDEX GROUP INEQUALITIES HOUSEHOLD INCOME INCOME DISTRIBUTION INCOME EFFECT INCOME EQUATION INCOME INEQUALITY INCOME LEVELS INCOME SCALE INCOME SOURCE INCOME VARIABLES INCOMES INCREASING FUNCTION INDIVIDUAL INCOMES INEQUALITY KEYNESIAN ECONOMICS LABOR MARKET LABOR SUPPLY LABOUR LIFE EXPECTANCY LONGITUDINAL DATA LOTTERY LOW INCOME MACROECONOMICS MARGINAL UTILITY MARKET ECONOMIES MEAN INCOME MEAN INCOMES NATIONAL INCOME NEGATIVE SIGN PERMANENT INCOME PERMANENT INCOME HYPOTHESIS POLICY DISCUSSIONS POLICY RESEARCH POLITICAL ECONOMY POLITICAL SCIENCE POOR POSITIVE COEFFICIENT POVERTY REDUCTION PUBLIC ECONOMICS PUBLIC GOODS PUBLIC POLICY RELATIVE EARNINGS RELATIVE INCOME RELATIVE INCOME DISTRIBUTION RELATIVE INCOMES RURAL RURAL AREAS SAVINGS SIGNIFICANT DIFFERENCES SIGNIFICANT EFFECT SOCIAL CAPITAL TAXATION TRANSITION ECONOMIES UNEMPLOYED UNEMPLOYMENT UTILITY FUNCTION UTILITY FUNCTIONS UTILITY MAXIMIZATION WAGE INCREASES WAGES WAR WEALTH WELL-BEING WELLBEING
Online Access:	http://documents.worldbank.org/curated/en/2013/09/18263952/relative-income-relative-deprivation-hypotheses-review-empirical-literature http://hdl.handle.net/10986/15825

Internet

http://documents.worldbank.org/curated/en/2013/09/18263952/relative-income-relative-deprivation-hypotheses-review-empirical-literature
http://hdl.handle.net/10986/15825

The Relative Income and Relative Deprivation Hypotheses : A Review of the Empirical Literature

Internet

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