to better understand (i) the role of aspirations in the relationship between income and happiness and (ii) the effect of … unemployment on people?s satisfaction with life. We discuss some of the consequences for economic policy and for economic theory. …

approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach …

income and life satisfaction is strongly shaped by the aspiration level serving to evaluate life conditions. The aspiration … levels are formed by social comparisons and adaptation processes. The Life Satisfaction Approach is a new method to capture …

Relative income differences are likely to lead to envy within a reference group. Envy in turn influences social … economic literature. This paper investigates the impact of the relative income position on individuals? performance or … affected by relative income position. A disadvantage in the relative income position reduces productivity. The larger the …

find support that the concept of inequity aversion helps to understand how the relative income situation affects …

provides an empirical analysis on how individuals? relative income position affects their performance. Using a unique data set … for 1040 soccer players over a period of eight seasons, our analysis suggests that the larger the income differences …

positional concerns and envy reduce individual performance. In contrast, there does not seem to be any tolerance for income …

relative crowding-out effect. Performance is reduced as a reaction to a relative income advantage. …

provides an empirical analysis on how individuals? relative income position affects their performance. Using a unique data set … income differences within a team, the worse the performance of the soccer players is. The more the players are integrated in …

. We find support that the concept of inequality aversion helps to understand how the relative income situation affects …