Satisfaction and comparison income in Japan: Evidence from data of Japanese union workers

Takashi Saito, Atsushi Sannabe, Katsunori Yamada

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

This paper presents preliminary results of empirical tests for Japanese union workers on a relative utility hypothesis, along the line developed by Clark and Oswald (1996). While our results support the existence of relative utility among Japanese union workers, a caveat is presented. We argue that the traditional approach in constructing a measure of relative income might be inappropriate, at least with regard to Japanese union workers.

Original languageEnglish
JournalEconomics Bulletin
Volume4
Issue number1
Publication statusPublished - 2005

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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