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Persistent link: https://www.econbiz.de/10002161584
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
Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …
Persistent link: https://www.econbiz.de/10011770417
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …
Persistent link: https://www.econbiz.de/10011347274
Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …
Persistent link: https://www.econbiz.de/10011978752
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … affluence, income is more important in the US. -- top incomes ; multidimensional measurement ; richness ; wealth ; inequality … top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within …
Persistent link: https://www.econbiz.de/10009379623
While there is mounting evidence that large income shocks, e.g. in the form of a job loss, may impact health and … mortality, little evidence exist on the potential relationship between sustained income volatility, keeping average lifetime … income constant, and health. This paper exploits rich survey data on the near-elderly in Canada paired with their …
Persistent link: https://www.econbiz.de/10012140432
movements in income. We find that relative income mobility is a significant predictor of life satisfaction and mental health …, whether people move upward or downward. For absolute income, mobility is only a consistent predictor of SWB and mental health … income mobility downward movements affect SWB to a greater extent than upward movements, consistent with notions of loss …
Persistent link: https://www.econbiz.de/10012059641
The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …
Persistent link: https://www.econbiz.de/10012372750
German SOEP micro data. Besides income as traditional indicator for material well-being, we include health as a proxy for … distribution of income has become more concentrated at the top, the concentration at the top of the multidimensional well …
Persistent link: https://www.econbiz.de/10009522999