. This entry also briefly discusses: recent history of well-being measurement; what makes people better off in theory; the …

, evaluations tend to be dominated by "social comparison" - what is happening to the incomes of others. An increase in the incomes … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly …, and the greater the shortfall, the less one's happiness. There is thus an asymmetry in the psychological roots of income …