@TechReport{iza:izadps:dp3812, author={Akay, Alpaslan and Martinsson, Peter}, title={Does Relative Income Matter for the Very Poor? Evidence from Rural Ethiopia}, year={2008}, month={Nov}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={3812}, url={https://www.iza.org/publications/dp3812}, abstract={We studied whether relative income has an impact on subjective well-being among extremely poor people. Contrary to the findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, we cannot reject the hypothesis that relative income has no impact on subjective well-being in rural areas of northern Ethiopia.}, keywords={subjective well-being;relative income;absolute income}, }