Artikel

On the Economics of Others

We relate to others in two important ways: we care about others, and we care about how we fare in comparison to others. In some contexts, these two forms of relatedness interact. Caring about others can conveniently be labeled altruism. Caring about how we fare in comparison with others who fare better than ourselves can conveniently be labeled relative deprivation. I provide examples of domains in which the incorporation of altruism and relative deprivation can point to novel perspectives and suggest rethinking, and possibly revising, long-held views. And I show that there are domains in which consideration of relative deprivation can substitute for the prevalence of altruism, and vice versa. I conclude that this is a fascinating sphere for research on economics and social behavior.

Language
Englisch

Bibliographic citation
Journal: Ekonomista ; ISSN: 2299-6184 ; Year: 2013 ; Issue: 5 ; Pages: 709-715 ; Warsaw: Polish Academy of Sciences – Committee of Economic Sciences

Classification
Wirtschaft
Microeconomic Behavior: Underlying Principles
Household Production and Intrahousehold Allocation
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Altruism; Philanthropy; Intergenerational Transfers
International Migration
Remittances
Geographic Labor Mobility; Immigrant Workers
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Subject
Altruism
Relative deprivation
Economic and social behavior

Event
Geistige Schöpfung
(who)
Stark, Oded
Event
Veröffentlichung
(who)
Polish Academy of Sciences – Committee of Economic Sciences
(where)
Warsaw
(when)
2013

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Stark, Oded
  • Polish Academy of Sciences – Committee of Economic Sciences

Time of origin

  • 2013

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