Clark, Andrew E.; Senik-Leygonie, Claudia; Yamada, Katsunori - 2013
This paper uses Japanese data which includes measures of self-declared satisfaction, reference-group income, and the … direction and intensity of income comparisons. Relative to Europeans, the Japanese compare more to friends and less to … colleagues, and compare their incomes more. The relationship between satisfaction and others' income is negative, and more …