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Using survey data from the China Family Panel Studies (CFPS) from 2010 to 2018, this paper analyzes the relationship between income inequality, group-specific income redistribution, and subjective well-being among China's urban, rural, and migrant populations. Using narrowly defined reference...
Persistent link: https://www.econbiz.de/10013285661
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their relative income to be. In this paper, novel data with direct...
Persistent link: https://www.econbiz.de/10009738124
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/10013315521
life satisfaction, reference income exerts a negative effect on individual well-being, a result consistent with the …
Persistent link: https://www.econbiz.de/10013316734
concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i …-being depending more on relative satisfaction than on absolute levels of income. This finding holds even after controlling for other …
Persistent link: https://www.econbiz.de/10013318984
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
We argue that the relationship between individual satisfaction with life (SWL) and SWL inequality is more complex than …
Persistent link: https://www.econbiz.de/10012290721
Economic disruption in East Germany at the time of unification resulted in a noticeable drop in life satisfaction. By … the late 1990s East Germany's life satisfaction had recovered to about its 1990 level, and its shortfall relative to West … Germany was slightly less than that before unification. In West Germany life satisfaction was fairly constant before …
Persistent link: https://www.econbiz.de/10011632057
We here use repeated cross-section data from the Afrobarometer, Asianbarometer Latinobarometer, and Eurobarometer to analyse the variables that are correlated with both current and future evaluations of standards of living. These are related not only to an individual's own economic resources but...
Persistent link: https://www.econbiz.de/10011947084
to provide a "sage" approach to assessing well-being, since it aims to denote sagacity in the pursuit and satisfaction of …
Persistent link: https://www.econbiz.de/10012178514