Positional income concerns and personality: evidence from Germany
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In: Applied Economics Letters, Vol. 25, No. 14, 16.08.2018, p. 1024-1028.
Research output: Journal contributions › Journal articles › Research › peer-review
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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 -