Showing 1 - 3 of 3
other individuals in the same personal, geographic or social networks, with the comparisons referring either to income or … other aspects of economic and social life. The existence of such comparison effects with respect to income may help to …
Persistent link: https://www.econbiz.de/10011126257
Higher income is associated with greater well-being, but do income gains and losses impact on well-being differently … falls in income have a larger impact on well-being than equivalent income gains. The effect is not explained by the … diminishing returns to well-being of income. Our findings show that loss aversion applies to experienced losses, counteracting …
Persistent link: https://www.econbiz.de/10011126714
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/10011126737