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Feeling richer or poorer than others : a cross-section and panel analysis of subjective economic status in Indonesia
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Powdthavee, Nattavudh (2007) Feeling richer or poorer than others : a cross-section and panel analysis of subjective economic status in Indonesia. Asian Economic Journal, 21 (2). pp. 169-194. doi:10.1111/j.1467-8381.2007.00253.x ISSN 1351-3958.
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Official URL: http://dx.doi.org/10.1111/j.1467-8381.2007.00253.x
Abstract
This paper examines what makes us feel richer or poorer than others. It investigates cross-sectional and longitudinal determinants of individuals’ subjective economic status in Indonesia. Using two waves of Indonesian Family Life Surveys, 1997 and 2000, I show that individuals’ perceptions of where they are on the economic scale are more dependent on a number of socioeconomic characteristics, as well as their attitudes towards their future economic status, than their current spending capacities would suggest. I also find significant, albeit weaker, expenditure and income effects on individuals’ subjective economic status once individual fixed effects are controlled for in the regression.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
| Journal or Publication Title: | Asian Economic Journal | ||||
| Publisher: | Wiley-Blackwell Publishing Asia | ||||
| ISSN: | 1351-3958 | ||||
| Official Date: | 2007 | ||||
| Dates: |
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| Volume: | 21 | ||||
| Number: | 2 | ||||
| Page Range: | pp. 169-194 | ||||
| DOI: | 10.1111/j.1467-8381.2007.00253.x | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
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