-reported life satisfaction as a proxy for unobservable utility, the relative income of siblings is tested for relevance as a …"This paper proposes that individuals care about the relative income of proximate reference groups. Making use of self … reference point for new sample data from Venezuela. Having greater perceived income than one's siblings is found to be …

measures of economic welfare based on household income or consumption. Survey respondents undoubtedly hold diverse ideas about …

in preferences across types of households, and the nonparametric estimation addresses problems arising from functional …