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happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main … income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with … that the income of the reference group is about as important as own income for individual happiness, that individuals are …
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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...
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In this study the relation between satisfaction with life and affluent income is analyzed by using cross-sectional and … effects social treadmill has on life satisfaction for humans with high income. A key result of the fixed-effect-regression is … the following: There is a significant effect relative income has on the contentment with life for affluent people, whereas …
Persistent link: https://www.econbiz.de/10008936444
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
community as well as policymakers. This Weekly Report investigates the income, work, and health satisfaction of the German … satisfaction as well as income, work, and health satisfaction have either increased or remained constant since 2004. However …, differences between groups, some quite significant, still remain, especially in terms of health satisfaction. Comparatively, low-income …
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movements in income. We find that relative income mobility is a significant predictor of life satisfaction and mental health …. Our SWB measures encapsulates both life satisfaction and mental health, and we consider both relative and absolute …, whether people move upward or downward. For absolute income, mobility is only a consistent predictor of SWB and mental health …
Persistent link: https://www.econbiz.de/10012059641