Arbeitspapier
Relative Income Position and Performance: An Empirical Panel Analysis
Many studies have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. However, behavioral evidence is rare. This paper provides an empirical analysis on how individuals' relative income position affects their performance. Using a unique data set for 1114 soccer players over a period of eight seasons (2833 observations), our analysis suggests that the larger the income differences within a team, the worse the performance of the soccer players is. The more the players are integrated in a particular social environment (their team), the more evident this negative effect is.
- Sprache
-
Englisch
- Erschienen in
-
Series: CREMA Working Paper ; No. 2006-03
- Klassifikation
-
Wirtschaft
Microeconomics: General
Welfare Economics: General
Sports; Gambling; Restaurants; Recreation; Tourism
- Thema
-
Relative income
positional concerns
envy
performance
social integration
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Torgler, Benno
Schmidt, Sascha L.
Frey, Bruno S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Research in Economics, Management and the Arts (CREMA)
- (wo)
-
Basel
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Torgler, Benno
- Schmidt, Sascha L.
- Frey, Bruno S.
- Center for Research in Economics, Management and the Arts (CREMA)
Entstanden
- 2006
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