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consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …
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incorporating (the level of) absolute wealth in the individual's utility function. …
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A perception at the core of studies that consider the link between social rank and stress (typically measured by the so-called stress hormone cortisol) is that the link is direct. Examples of such studies are Bartolomucci (2007), Beery and Kaufer (2015), and Koolhaas et al. (2017). A recent and...
Persistent link: https://www.econbiz.de/10014545099
We studied whether relative income has an impact on subjective well-being among extremely poor people. Contrary to the findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, we cannot reject the hypothesis that relative income...
Persistent link: https://www.econbiz.de/10003771936
, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …
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We study how fathers and mothers income satisfaction correlates with the income satisfaction of their sons and daughters, as well as with other economic and socio-demographic variables. We estimate these correlations using data on parents and children in households surveyed in the eight waves of...
Persistent link: https://www.econbiz.de/10003579987