Konferenzbeitrag
Keeping up with the Joneses: Income Comparisons and Labour Supply
We investigate whether working time is related to the intensity of income comparisons and relative income. Our simple theoretical model demonstrates that the effects of relative income concerns depend on whether an individual can choose contractual working hours and/or overtime. In the empirical analysis we rely on novel data from the German Socio-Economic Panel (SOEP), which contains direct information on comparison intensity and perceived relative income with respect to predetermined reference groups. In line with our theoretical model we find that overtime rises with the intensity with which respondents compare their income to that of other individuals of the same occupation and that overtime declines with perceived relative income. This is consistent with 'Keeping up with the Joneses' preferences.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Labor Supply ; No. D17-V3
- Klassifikation
-
Wirtschaft
Externalities
Time Allocation and Labor Supply
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Goerke, Laszlo
Pannenberg, Markus
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Kiel und Hamburg
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Goerke, Laszlo
- Pannenberg, Markus
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2013
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