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Reference income effects in the determination of equivalence scales using income satisfaction data
Borah, Melanie; Knabe, Andreas; Kuhställer, Carina - 2016
We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend previous studies applying this approach by taking reference income into account. This allows separating needs-based from reference effects in the determination of income...
Persistent link: https://www.econbiz.de/10011547742
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Money, social capital and materialism : evidence from happiness data
Piekalkiewicz, Marcin - 2016
Are unhappiness, high concern for money and scarcity of social capital different faces of the same phenomenon? Economists tend to treat these variables as distinct correlates of well-being. On the contrary, positive psychologists argue that they all relate to materialism, a system of personal...
Persistent link: https://www.econbiz.de/10011454490
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Life satisfaction and relative income : perceptions and evidence
Mayraz, Guy; Wagner, Gert G.; Schupp, Jürgen - 2009
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The …
Persistent link: https://www.econbiz.de/10011635744
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Relative income and happiness : an Experiment
Ifcher, John; Zarghamee, Homa S.; Houser, Daniel; Diaz, Lina - 2018
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
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Does relative income matter? : are the critics right?
Layard, Peter R. G.; Mayraz, Guy; Nickell, Stephen J. - 2009
Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And … does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …
Persistent link: https://www.econbiz.de/10011635703
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Direct evidence for income comparisons and subjective well-being across reference groups
Goerke, Laszlo; Pannenberg, Markus - 2015 - Substantially rev. version
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
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Direct evidence for income comparisons and subjective well-being across reference groups
Goerke, Laszlo; Pannenberg, Markus - 2015
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
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Direct evidence for income comparisons and subjective well-being across reference groups
Goerke, Laszlo; Pannenberg, Markus - 2015
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
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Income comparisons, income adaptation, and life satisfaction : how robust are estimates from survey data?
Pfaff, Tobias - 2013 - This version: May, 2013
Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests of the effects often rely on self-constructed measures from survey data. This paper shows that results can be highly sensitive to simple parameter changes. Using large-scale...
Persistent link: https://www.econbiz.de/10009747812
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Climbing up ladders and sliding down snakes : an empirical assessment of the effect of social mobility on subjective wellbeing
Dolan, Paul; Lordan, Grace - 2019
We examine how intergenerational mobility affects subjective wellbeing (SWB) using data from the British Cohort Study. Our SWB measures encapsulates both life satisfaction and mental health, and we consider both relative and absolute movements in income. We find that relative income mobility is...
Persistent link: https://www.econbiz.de/10012059641