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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 hypothesis (RIH) and altruism). The relationship is...
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
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the …
Persistent link: https://www.econbiz.de/10010302716
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the …
Persistent link: https://www.econbiz.de/10011422202
distribution: studies based on such regression techniques thus are implicitly only interested in Average Joe's happiness. Using … analyze effects of a set of explanatory variables on different quantiles of the happiness distribution and compare these … results with an ordinary least squares regression. We also analyze some reversed relationships, where happiness enters the …
Persistent link: https://www.econbiz.de/10010281851
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the …
Persistent link: https://www.econbiz.de/10010285804
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the …
Persistent link: https://www.econbiz.de/10003919804
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 negative correlations between comparison intensity and SWB...
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 negative correlations between comparison intensity and SWB...
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 negative correlations between comparison intensity and SWB...
Persistent link: https://www.econbiz.de/10011347274