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inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys … (which are based directly on the scale of reported happiness) could be biased upwards if true utility is convex with respect … to reported happiness. We find some evidence of such bias, but it is small-yielding a new estimated elasticity of 1 …
Persistent link: https://www.econbiz.de/10011630578
Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And … does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …
Persistent link: https://www.econbiz.de/10011635703
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The …
Persistent link: https://www.econbiz.de/10011635744