questions are surveyed. This offers a fIrst approximation of the structure of individual well-being and preferences. Finally …

This paper presents an empirical analysis of the importance of 'comparison income' for individual well-being or … the distance between own income and the income of the reference group, and asymmetry of comparisons, i.e. the comparison … income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with …