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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...
Persistent link: https://www.econbiz.de/10011902869
The first objective of our paper is to identify the determinants of income satisfaction in Spain, with one of these … reduce individual deprivation. Our results suggest that the more unequal the income distribution is in a group, the less … income satisfied is the individual. Moreover, being unemployed is one of the main determinants of deprivation, although …
Persistent link: https://www.econbiz.de/10012777095
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/10012911198
positive link between top income shares and happiness is present in a subsample of Western countries. We discuss possible …We use data from the World Wealth & Income Database, the European Values Surveys and World Values Surveys to estimate … the relationship between income inequality as measured by top income shares and subjective well-being in a sample of 35 …
Persistent link: https://www.econbiz.de/10012846425
This study explores the relationship between income and happiness using data from Taiwan. It also proposes a two …-stage estimation method for studying the macroeconomics of happiness. The study finds that while personal income has a strong positive … effect on individual happiness, national income fails to have any significant effect in either the short run or the long run …
Persistent link: https://www.econbiz.de/10012967062
happiness, (ii) quantitatively, changes in relative income have much larger effects on happiness than do changes in absolute … income, and (iii) the effects on happiness of both absolute and relative income are small when compared to the effects …This paper uses data from the World Values Survey to investigate how an individual's self-reported happiness is related …
Persistent link: https://www.econbiz.de/10014064850
-being in China over the period 2005-2010 during which self-reported happiness scores show an increase across all income groups … conditional on having the same income, there is no rural-urban happiness gap. Our results suggest that while further decline in …. Ordered probit regression analysis of well-being reveals large influence of gender, rural residency and household income …
Persistent link: https://www.econbiz.de/10011449772
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 … subjective well-being (SWB) data from the U.S. Gallup-Healthways Well-Being Index and geographically-based median-income data …
Persistent link: https://www.econbiz.de/10011476321
Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …
Persistent link: https://www.econbiz.de/10011770417
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …
Persistent link: https://www.econbiz.de/10010423769