TY - JOUR

T1 - Positional income concerns and personality

T2 - evidence from Germany

AU - Friehe, Tim

AU - Mechtel, Mario

AU - Pannenberg, Markus

PY - 2018/8/16

Y1 - 2018/8/16

N2 - Positional income concerns (PIC) strongly influence economic behaviour and life outcomes. However, very little is known about the underlying heterogeneity regarding their importance across individuals on the one hand and across different reference groups on the other. Our analysis builds on representative survey data reporting PIC vis-à-vis seven reference groups, allowing us to identify marked heterogeneity both between and within subjects. We present evidence about who (in terms of personality) compares to whom (in terms of reference group).

AB - Positional income concerns (PIC) strongly influence economic behaviour and life outcomes. However, very little is known about the underlying heterogeneity regarding their importance across individuals on the one hand and across different reference groups on the other. Our analysis builds on representative survey data reporting PIC vis-à-vis seven reference groups, allowing us to identify marked heterogeneity both between and within subjects. We present evidence about who (in terms of personality) compares to whom (in terms of reference group).

KW - Big Five

KW - personality

KW - Relative income

KW - SOEP

KW - status

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=85031775268&partnerID=8YFLogxK

U2 - 10.1080/13504851.2017.1391995

DO - 10.1080/13504851.2017.1391995

M3 - Journal articles

AN - SCOPUS:85031775268

VL - 25

SP - 1024

EP - 1028

JO - Applied Economics Letters

JF - Applied Economics Letters

SN - 1350-4851

IS - 14

ER -