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In contrast to previous results combining all ages, we find positive effects of comparison income on happiness for the … income effects. In West Germany, they cancel out to give no effect of comparison income on life satisfaction in the whole … comparison effect in the whole sample for both West Germany and the UK. The residual age-happiness relationship is hump-shaped in …
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In contrast to previous results combining all ages we find positive effects of comparison income on happiness for the … income effects. In GSOEP they cancel to give no effect of effect of comparison income on life satisfaction in the whole …-happiness relationship is hump-shaped in all three countries. Results are consistent with a simple life cycle model of relative income under …
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