Layard, Peter R. G.; Mayraz, Guy; Nickell, Stephen J. - 2009
variable. We also use the Panel to compare the effect of income comparisons and of adaptation as factors explaining the stable … level of life-satisfaction: income comparisons emerge as much the more important. 3) When in our U.S. analysis we introduce … - further supporting the view that comparisons matter. 4) Finally, for a panel of European countries since 1973 we estimate the …