Ferrer-i-Carbonell, Ada - Tinbergen Institute - 2002
happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main … novelty is that various hypotheses are tested: importance of own income, relevance of the income of the reference group and of … the distance between own income and the income of the reference group, and asymmetry of comparisons, i.e. the comparison …