Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/24865
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dc.contributor.authorHounkpatin, Hilda Osafoen_UK
dc.contributor.authorWood, Alex Men_UK
dc.contributor.authorBrown, Gordon D Aen_UK
dc.contributor.authorDunn, Grahamen_UK
dc.date.accessioned2017-01-28T00:39:44Z-
dc.date.available2017-01-28T00:39:44Z-
dc.date.issued2015-11en_UK
dc.identifier.urihttp://hdl.handle.net/1893/24865-
dc.description.abstractThis paper reports a test of the relative income rank hypothesis of depression, according to which it is the rank position of an individual's income amongst a comparison group, rather than the individual's absolute income, that will be associated with depressive symptoms. A new methodology is developed to test between psychosocial and material explanations of why income relates to well-being. This method was used to test the income rank hypothesis as applied to depressive symptoms. We used data from a cohort of 10,317 individuals living in Wisconsin who completed surveys in 1992 and 2003. The utility assumed to arise from income was represented with a constant relative risk aversion function to overcome limitations of previous work in which inadequate specification of the relationship between absolute income and well-being may have inappropriately favoured relative income specifications. We compared models in which current and future depressive symptoms were predicted from: (a) income utility alone, (b) income rank alone, (c) the transformed difference between the individual's income and the mean income of a comparison group and (d) income utility, income rank and distance from the mean jointly. Model comparison overcomes problems involving multi-collinearity amongst the predictors. A rank-only model was consistently supported. Similar results were obtained for the association between depressive symptoms and wealth and rank of wealth in a cohort of 32,900 British individuals who completed surveys in 2002 and 2008. We conclude that it is the rank of a person's income or wealth within a social comparison group, rather than income or wealth themselves or their deviations from the mean within a reference group, that is more strongly associated with depressive symptoms.en_UK
dc.language.isoenen_UK
dc.publisherSpringeren_UK
dc.relationHounkpatin HO, Wood AM, Brown GDA & Dunn G (2015) Why does Income Relate to Depressive Symptoms? Testing the Income Rank Hypothesis Longitudinally. Social Indicators Research, 124 (2), pp. 637-655. https://doi.org/10.1007/s11205-014-0795-3en_UK
dc.rightsThis article is distributed under the terms of the Creative Commons Attribution License which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited.en_UK
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_UK
dc.subjectSocial ranken_UK
dc.subjectRelative positionen_UK
dc.subjectDepressive symptomsen_UK
dc.subjectIncomeen_UK
dc.subjectConstant relative risk aversion (CRRA)en_UK
dc.titleWhy does Income Relate to Depressive Symptoms? Testing the Income Rank Hypothesis Longitudinallyen_UK
dc.typeJournal Articleen_UK
dc.identifier.doi10.1007/s11205-014-0795-3en_UK
dc.identifier.pmid26478651en_UK
dc.citation.jtitleSocial Indicators Researchen_UK
dc.citation.issn1573-0921en_UK
dc.citation.issn0303-8300en_UK
dc.citation.volume124en_UK
dc.citation.issue2en_UK
dc.citation.spage637en_UK
dc.citation.epage655en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.contributor.funderEconomic and Social Research Councilen_UK
dc.contributor.funderEconomic and Social Research Councilen_UK
dc.author.emailalex.wood@stir.ac.uken_UK
dc.citation.date28/10/2014en_UK
dc.contributor.affiliationUniversity of Southamptonen_UK
dc.contributor.affiliationManagement, Work and Organisationen_UK
dc.contributor.affiliationUniversity of Warwicken_UK
dc.contributor.affiliationUniversity of Manchesteren_UK
dc.identifier.isiWOS:000362749600016en_UK
dc.identifier.scopusid2-s2.0-84951877880en_UK
dc.identifier.wtid537160en_UK
dc.date.accepted2014-10-16en_UK
dcterms.dateAccepted2014-10-16en_UK
dc.date.filedepositdate2017-01-27en_UK
dc.relation.funderprojectThe Rank Principle in Social Cognitive Comparisonen_UK
dc.relation.funderprojectIndividual Differences in the Impact of Socio-Economic Events on Health and Well-en_UK
dc.relation.funderrefRES-062-23-2462en_UK
dc.relation.funderrefES/K00588X/1en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorHounkpatin, Hilda Osafo|en_UK
local.rioxx.authorWood, Alex M|en_UK
local.rioxx.authorBrown, Gordon D A|en_UK
local.rioxx.authorDunn, Graham|en_UK
local.rioxx.projectRES-062-23-2462|Economic and Social Research Council|http://dx.doi.org/10.13039/501100000269en_UK
local.rioxx.projectES/K00588X/1|Economic and Social Research Council|http://dx.doi.org/10.13039/501100000269en_UK
local.rioxx.freetoreaddate2017-01-27en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by/4.0/|2017-01-27|en_UK
local.rioxx.filenameHounkpatin_etal_SocIndicRes_2015.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1573-0921en_UK
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