scaling of satisfaction. The results show that year on year, individuals who have experienced a fall in income since the …. This suggests that income is a poor proxy for satisfaction but it does not provide firm evidence for the existence of … to rising incomes but less so falling incomes. The paper concludes that satisfaction with income is influenced by …

income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how … important these income comparisons are to them. We find substantial gender differences, with income comparisons being much …

based on individuals’ ratings of their happiness or life satisfaction rather than on their preferences. In the context of a …

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 …

satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

level of life-satisfaction: income comparisons emerge as much the more important. 3) When in our U.S. analysis we introduce …Do other peoples’ incomes reduce the happiness which people in advanced countries experience from any given income? And … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …