| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6012 |
| DP6012 A Simple Benchmark for Forecasts of Growth and Inflation | |
| Massimiliano Marcellino | |
| 发表日期 | 2006-12-17 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship in poor countries have yielded conflicting results, suggesting that the relationship is not universal or only applies above a certain income level. We revisit the issue using data from Nepal. We find a relative consumption effect that is robust, strong in magnitude, and consistent across consumption expenditure categories. We find no evidence that poor households -- in a relative or absolute sense -- care less about relative consumption than more fortunate ones. Households residing far from markets care more -- not less -- about the consumption level of their neighbors, suggesting that market interaction is not what makes people care about relative consumption. Household heads having migrated out of their birth district still judge the adequacy of their consumption in comparison with households in their district of origin. |
| 主题 | Development Economics |
| 关键词 | Subjective well-being Relative deprivation Rivalry |
| URL | https://cepr.org/publications/dp6012 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534848 |
| 推荐引用方式 GB/T 7714 | Massimiliano Marcellino. DP6012 A Simple Benchmark for Forecasts of Growth and Inflation. 2006. |
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