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We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income … could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income … subjective well-being (SWB) data from the U.S. Gallup-Healthways Well-Being Index and geographically-based median-income data …
Persistent link: https://www.econbiz.de/10011476321
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
Persistent link: https://www.econbiz.de/10012137400
individual life satisfaction. Our estimates indicate, a primary breadwinner wifedecreases spousal individual happiness by roughly … income comparison forindividual happiness. Wives (barely) outearning their husbands seem to signal ’competition’. …This paper applies the German Socio-Economic Panel to analyse the effect of within household in-come comparison on …
Persistent link: https://www.econbiz.de/10012820346
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …
Persistent link: https://www.econbiz.de/10011344536
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …
Persistent link: https://www.econbiz.de/10011346880
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …
Persistent link: https://www.econbiz.de/10011347274
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on … whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their … relative income to be. In this paper, novel data with direct information on income comparison intensity and perceived relative …
Persistent link: https://www.econbiz.de/10010342250
Persistent link: https://www.econbiz.de/10011436256
' income divide the German nation. We find that the neighbourhood income effect for West Germany is negative (which is in line … social interactions between neighbours take place. In contrast, the coefficients on neighbourhood income in East Germany are …A series of studies have suggested that changes in others' income may be perceived differently in post-transition and …
Persistent link: https://www.econbiz.de/10008825922