The analysis of household purchasing decisions for understanding consumption behaviour has received much attention recently, mainly because of the measurement error problems that appear when using expenditure data to approximate consumption. This paper discusses some empirical regularities of...

In this article we show evidence which suggests that changes in an individual's relative position affects his subjective well-being (SWB). In this sense, our findings are in line with those who argue that a felicity function should take into account both absolute and relative position. Our...