Between sports and happiness. Using longitudinal data from the German Socio- Economic Panel (GSOEP), we find a positive correlation between sports participation and reported life satisfaction. This relationship is stronger at younger and older ages than in middle age, and for people in bad...

The experimental literature and studies using survey data have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. Individuals are concerned about social comparisons....