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.

Sprache
Englisch

Erschienen in
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2015 ; Bonn: Institute for the Study of Labor (IZA)

Klassifikation
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
Thema
relative status
relative poverty
relative deprivation
health
happiness
well-being

Ereignis
Geistige Schöpfung
(wer)
Chen, Xi
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2015

DOI
doi:10.15185/izawol.140
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Chen, Xi
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2015

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