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Attitudes to Income Inequality : Experimental and Survey Evidence

Clark, Andrew - 2014

We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes towards the income distribution in a society: the...

Persistent link: https://www.econbiz.de/10013054599

Adaptation to Poverty in Long-Run Panel Data

Clark, Andrew - 2014

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to … poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life … satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …

Persistent link: https://www.econbiz.de/10013042992

Happiness, Habits and High Rank : Comparisons in Economic and Social Life

Clark, Andrew - 2011

The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...

Persistent link: https://www.econbiz.de/10013120404

Relative Income, Happiness and Utility : An Explanation for the Easterlin Paradox and Other Puzzles

Clark, Andrew; Frijters, Paul; Shields, Michael A. - 2021

The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income and individual measures of subjective well being. This...

Persistent link: https://www.econbiz.de/10013316988

Who Compares to Whom? The Anatomy of Income Comparisons in Europe

Clark, Andrew - 2009

This paper provides unprecedented direct evidence from large-scale survey data on both the intensity (how much?) and direction (to whom?) of income comparisons. Income comparisons are considered to be at least somewhat important by three-quarters of Europeans. They are associated with both lower...

Persistent link: https://www.econbiz.de/10013155578

When Experienced and Decision Utility Concur : The Case of Income Comparisons

Clark, Andrew - 2015

While there is now something of a consensus in the literature on the economics of happiness that income comparisons to others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox....

Persistent link: https://www.econbiz.de/10013016299

Are the Upwardly-Mobile More Left-Wing?

Clark, Andrew; Cotofan, Maria - 2023

It is well-known that the wealthier are more likely to have Right-leaning political preferences. We here in addition consider the role of the individual's starting position, and in particular their upward social mobility relative to their parents. In 18 waves of UK panel data, both own and...

Persistent link: https://www.econbiz.de/10014346978

Back to Baseline in Britain : Adaptation in the BHPS

Clark, Andrew - 2012

We look for evidence of adaptation in well-being to major life events using eighteen waves of British panel data. Adaptation to marriage, divorce, birth of a child and widowhood appears to be rapid and complete, whereas this is not the case for unemployment. These findings are remarkably similar...

Persistent link: https://www.econbiz.de/10013108237

What Predicts a Successful Life? A Life-Course Model of Well-Being

Layard, Richard - 2013

. Next comes the child's conduct. The least powerful predictor is the child's intellectual development. This has obvious …

Persistent link: https://www.econbiz.de/10013073851

Boon or Bane? Others' Unemployment, Well-Being and Job Insecurity

Clark, Andrew - 2009

The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that the appropriate distinction may not be between employment...

Persistent link: https://www.econbiz.de/10013158682