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- W2272601150 abstract "Learning that others earn more may reduce individual well-being but it can also be informative about the own income prospects. In an environment of uncertainty over the own income, this paper provides experimental evidence on direct income-comparison effects on well-being and informational effects from observing signals about others income prospects. We find that individual beliefs about the own income are adjusted downwards when observing that others are likely to earn less, but do not significantly adjust when observing that others are likely to earn more. Individual satisfaction decreases when others are likely to earn more but does not change significantly when others are likely to earn less. Overall, informational effects countervail direct income-comparison effects if and only if the uncertainty over the own income is sufficiently strong." @default.
- W2272601150 created "2016-06-24" @default.
- W2272601150 creator A5043818391 @default.
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- W2272601150 date "2015-01-01" @default.
- W2272601150 modified "2023-09-23" @default.
- W2272601150 title "A Glance into the Tunnel: Experimental Evidence on Income Comparisons Under Uncertainty" @default.
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- W2272601150 doi "https://doi.org/10.2139/ssrn.2703756" @default.
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