Asadullah, Niaz; Chaudhury, Nazmul - Institute for the Study of Labor (IZA) - 2012
own household income, respondents report higher satisfaction levels when they experience an increase in their income over … also report less satisfaction with life. At the same time, our evidence suggests that relative wealth effect is stronger … for the rich. Similarly, in villages with higher inequality, individuals report less satisfaction with life. However, when …