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Persistent link: https://www.econbiz.de/10003764312
This paper is dedicated to the empirical exploration of the welfare effect of expectations and progress per se. Using ten waves of the Russian Longitudinal Monitoring Survey, a panel household survey rich in subjective variables, the analysis suggests that for a given total stock of...
Persistent link: https://www.econbiz.de/10003355566
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...
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divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we … find that a higher satisfaction gap, even in the first year of marriage, increases the likelihood of a future separation … in the effect of happiness gaps: couples are more likely to break-up when the difference in life satisfaction is …
Persistent link: https://www.econbiz.de/10008824341
This paper provides unheard direct evidence that comparisons exert a significant effect on subjective well-being. It also evaluates the relative importance of different types of benchmarks. Dynamic comparisons outweigh static ones. Internal benchmarks are more important than external reference...
Persistent link: https://www.econbiz.de/10003586579