The answer is that people's evaluations of their income situation are based on different considerations when the …, evaluations tend to be dominated by "social comparison" - what is happening to the incomes of others. An increase in the incomes … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly …

substantially more with income in the U.S. than in The Netherlands. -- Happiness ; life satisfaction ; vignettes ; reporting bias …We analyze the determinants of global life satisfaction in two countries (The Netherlands and the U.S.), by using both … self-reports and responses to a battery of vignette questions. We find global life satisfaction of happiness is well …

higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …We explore the relationships between subjective well-being and income, as seen across individuals within a given … most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …

novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find …This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … negative correlations between comparison intensity and SWB for colleagues, people in the same occupation and friends, but not …

We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income … could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income … subjective well-being (SWB) data from the U.S. Gallup-Healthways Well-Being Index and geographically-based median-income data …

Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in … about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear …

income effects. In GSOEP they cancel to give no effect of effect of comparison income on life satisfaction in the whole …In contrast to previous results combining all ages we find positive effects of comparison income on happiness for the …-happiness relationship is hump-shaped in all three countries. Results are consistent with a simple life cycle model of relative income under …