Daly, Mary C.; Wilson, Daniel J.; Johnson, Norman J. - Federal Reserve Bank of San Francisco - 2007
workers’ wages rather
than the relative wage ratio. Both studies find evidence that relative income matters to self …-national literature using surveys of happiness. These studies
compare average reported happiness to average income across countries … itself could be a relative
one.
2
Although the results of these two types of studies seem to confirm a role for theories …