@TechReport{iza:izadps:dp12331,
            	author={Stark, Oded and Budzinski, Wiktor and Kosiorowski, Grzegorz},
            	title={The Pure Effect of Social Preferences on Regional Location  Choices: The Evolving Dynamics of Convergence to a Steady State Population Distribution},
            	year={2019},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={12331},
            	url={https://www.iza.org/index.php/publications/dp12331},
	abstract={This paper tracks the consequences of individuals' desire to align their location with their social preferences. The social preference studied in the paper is distaste for relative deprivation, measured in a cardinal manner. Location is conceived as social space, with individuals choosing to relocate if, as a result, their relative deprivation will be reduced, holding their incomes constant. 
Conditions are provided under which the associated dynamics reaches a spatial steady state, the number of periods it takes to reach a steady state is specified, and light is shed on the robustness of the steady state outcome. By way of simulation it is shown that for large populations, a steady state of the relocation dynamics is almost always reached, typically in one period, and that cycles are more likely to occur when the populations' income distributions are more equal.},
	keywords={social preferences;distaste for low relative income;a cardinal measure of income relative deprivation;interregional locational choices;steady-state spatial distribution;relocation dynamics},
            }