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noncash income would certainly reduce it substantially. Wealth and income comparision in the 1979 Rural Household Survey (RHS … oldest should continue to increase and more of the elderly will have pension income. Many models have assumed that …
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The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
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