Akay, Alpaslan; Martinsson, Peter - Institute for the Study of Labor (IZA) - 2008
We studied whether relative income has an impact on subjective well-being among extremely poor people. Contrary to the … findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, we … cannot reject the hypothesis that relative income has no impact on subjective well-being in rural areas of northern Ethiopia. …