%0 Report %A Akay, Alpaslan %A Martinsson, Peter %T Does Relative Income Matter for the Very Poor? Evidence from Rural Ethiopia %D 2008 %8 2008 Nov %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 3812 %U https://www.iza.org/publications/dp3812 %X 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. %K subjective well-being %K relative income %K absolute income