This paper analyzes the relationship between perceived wage inequality, demand for wage equalization and life satisfaction. Using the large dataset of the Hungarian Microcensus of 2016 and a measure that quantifies perceived inequality based on respondents' wage estimates - rather than based on...

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...

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...