Artikel
Relative deprivation and individual well-being
People who are unable to maintain the same standard of living as others around them experience a sense of relative deprivation that has been shown to reduce feelings of well-being. Relative deprivation reflects conditions of worsening relative poverty despite striking reductions in absolute poverty. The effects of relative deprivation explain why average happiness has been stagnant over time despite sharp rises in income. Consumption taxes on status-seeking spending, along with official and traditional sanctions on excess consumption and redistributive policies may lessen the negative impact of relative deprivation on well-being.
- Language
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Englisch
- Bibliographic citation
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Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2015 ; Bonn: Institute for the Study of Labor (IZA)
- Classification
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Wirtschaft
Health and Inequality
Measurement and Analysis of Poverty
Cultural Economics: Public Policy
Externalities
Positive Analysis of Policy Formulation and Implementation
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Subject
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relative status
relative poverty
relative deprivation
health
happiness
well-being
- Event
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Geistige Schöpfung
- (who)
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Chen, Xi
- Event
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Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
-
2015
- DOI
-
doi:10.15185/izawol.140
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Chen, Xi
- Institute for the Study of Labor (IZA)
Time of origin
- 2015
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