Showing 1 - 10 of 1,100
U.S. income inequality has risen dramatically in recent decades. Researchers consistently find that greater income inequality measured at the state or national level is associated with diminished subjective well-being (SWB) in the U.S. We conduct the first multi-scale analysis (i.e., at the...
Persistent link: https://www.econbiz.de/10011526744
-being in China over the period 2005-2010 during which self-reported happiness scores show an increase across all income groups … conditional on having the same income, there is no rural-urban happiness gap. Our results suggest that while further decline in …
Persistent link: https://www.econbiz.de/10011449772
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 hypothesis (RIH) and altruism). The relationship is...
Persistent link: https://www.econbiz.de/10011476321
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
The literature on happiness shows that there are many factors that influence a person's happiness. Extending previous … studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person's happiness …. We define two hypothetical sub-constructs for the freedom of choice to fully develop a model of happiness. We name those …
Persistent link: https://www.econbiz.de/10013209426
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
We contribute to the literature on well-being and comparisons by appealing to new Danish data dividing the country up into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these neighbourhoods. This income information is matched to...
Persistent link: https://www.econbiz.de/10003771943
they interact the most often. -- Income comparisons ; relative income ; reference groups ; happiness ; redistribution …
Persistent link: https://www.econbiz.de/10003898065
This paper provides unheard direct evidence that comparisons exert a significant effect on subjective well-being. It also evaluates the relative importance of different types of benchmarks. Dynamic comparisons outweigh static ones. Internal benchmarks are more important than external reference...
Persistent link: https://www.econbiz.de/10003586579
The first objective of our paper is to identify the determinants of income satisfaction in Spain, with one of these being relative deprivation, and the second is to measure this relative deprivation, in both monetary and satisfaction terms. To that end, we use data from the eight waves of the...
Persistent link: https://www.econbiz.de/10003577798