Happiness, Habits and High Rank: Comparisons in Economic and Social Life

The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation are actually found in a considerable variety of economic and social activities, rendering conclusions regarding well-being policy less straightforward.

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Year of publication:	2011-09
Authors:	Clark, Andrew E.
Institutions:	Institute for the Study of Labor (IZA)
Subject:	comparison \| habituation \| income \| unemployment \| marriage \| divorce \| health \| religion \| policy

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 5966 42 pages
Classification:	D01 - Microeconomic Behavior: Underlying Principles ; D31 - Personal Income, Wealth and Their Distributions ; H00 - Public Economics. General ; I31 - General Welfare; Basic Needs; Quality of Life ; J12 - Marriage; Marital Dissolution; Family Structure ; J28 - Safety; Accidents; Industrial Health; Job Satisfaction, Related Public Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009294836