TY - RPRT AU - Akay, Alpaslan AU - Martinsson, Peter TI - Does Relative Income Matter for the Very Poor? Evidence from Rural Ethiopia PY - 2008/Nov/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 3812 UR - https://www.iza.org/publications/dp3812 AB - 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. KW - subjective well-being KW - relative income KW - absolute income ER -