Similar Search Results

Happiness, Habits and High Rank: Comparisons in Economic and Social Life

Clark, Andrew E. - Institute for the Study of Labor (IZA) - 2011

The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...

Persistent link: https://www.econbiz.de/10009294836

Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles

Clark, Andrew E.; Frijters, Paul; Shields, Michael - Institute for the Study of Labor (IZA) - 2007

in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …

Persistent link: https://www.econbiz.de/10005763569

Adaptation to Poverty in Long-Run Panel Data

Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - Institute for the Study of Labor (IZA) - 2014

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...

Persistent link: https://www.econbiz.de/10011094087