Income-comparison Attitudes in the US and the UK : Evidence from Discrete-choice Experiments

Material type: 文書・図像類

Author: Shigeoka, Hitoshiほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2016-02

Material Format: Paper

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Note (General)：: March 2015. Revised February 2016.Economists have long been aware of utility externalities such as a tendency to compare own income with others'. If w...

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Paper

Material Type: 文書・図像類
Title: Income-comparison Attitudes in the US and the UK : Evidence from Discrete-choice Experiments
Author/Editor: Shigeoka, Hitoshi
Yamada, Katsunori
Author Heading: Shigeoka, Hitoshi
Yamada, Katsunori
https://nrid.nii.ac.jp/nrid/1000080533603
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2016-02
Publication Date (W3CDTF): 2016-02
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 930
Volume: 930
Pages: 1-8
Text Language Code: eng
Subject Heading: income comparison
discrete-choice experiment
inter-country survey
information treatment
randomized survey experiment
Target Audience: 一般
Note (General): March 2015. Revised February 2016.
Economists have long been aware of utility externalities such as a tendency to compare own income with others'. If welfare losses from income comparisons are significant, any governmental interventions that alter such attitudes may have large welfare consequences. We conduct an original online survey of discrete-choice questions to estimate such attitudes in the US and the UK.We find that the UK respondents compare incomes more than US respondents do. We then manipulate our respondents with simple information to examine whether the attitudes can be altered. Our information treatment|suggesting that comparing income with others may diminish welfare even when income levels increase|makes UK respondents compare incomes more rather than less. Interestingly, US respondents are not affected at all. The mechanism behind the UK results seems to be that our treatment gives moral license to make income comparisons by providing information that others do so.
References (URI): https://www.iser.osaka-u.ac.jp/library/dp/2015/DP0930R.pdf
URI
https://www.iser.osaka-u.ac.jp/library/dp/2015/DP0930R.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華