FitzRoy, Felix R.; Nolan, Michael A.; Steinhardt, Max F.; … - In: IZA Journal of European Labor Studies 3 (2014) 24, pp. 1-30
In contrast to previous results combining all ages, we find positive effects of comparison income on happiness for the under 45s and negative effects for those over 45. In the UK, these coefficients are several times the magnitude of own income effects. In West Germany, they cancel out to give...