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Feeling Poor, Feeling Rich, or Feeling Middle-Class : An Empirical Investigation (English)

Based on their objective economic situation and comparing with their peers, individuals form perceptions of their economic position in a society. Data from the three waves of the Life in Transition surveys of European countries show that these perceptions systematically deviate from the rankings obtained using consumption levels. People position themselves in the middle ranks in larger numbers than those who are in the middle ranks according to their...
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Bussolo,Maurizio; Lebrand,Mathilde Sylvie Maria; Torre,Ivan.

Feeling Poor, Feeling Rich, or Feeling Middle-Class : An Empirical Investigation (English). Policy Research working paper|no. WPS 9456 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/939251603805617928

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