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Relative Income, Happiness and Utility : An Explanation for the Easterlin Paradox and Other Puzzles
Clark, Andrew; Frijters, Paul; Shields, Michael A. - 2021
The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises … also discuss the relation (or not) between happiness and utility and discuss some non-happiness research (behavioural …
Persistent link: https://www.econbiz.de/10013316988
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Is man doomed to progress?
Senik-Leygonie, Claudia (contributor) - 2006
-profile of consumption: they seem to have a strong "taste for improvement". -- expectations ; growth ; subjective happiness …
Persistent link: https://www.econbiz.de/10003355566
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Subjective well-being and income : a compromise between Easterlin paradox and its critiques
Yasar, Rusen - 2017
Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the 'Easterlin paradox', this paper seeks a compromise between two positions: one that insists on individual relative...
Persistent link: https://www.econbiz.de/10011774470
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Subjective well-being and income : a compromise between Easterlin paradox and its critiques
Yasar, Rusen - 2018
Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the ‘Easterlin paradox’, this paper seeks a compromise between two positions: one that insists on individual relative...
Persistent link: https://www.econbiz.de/10011869166
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Relativizing Relative Income
Senik, Claudia - 2004
Using over one million observations, from 6 Transition countries and 14 "old" European countries, we show that, in stable EU economies, other people's income affects my utility directly, through comparison effects, whereas in more volatile Transition economies it affects me indirectly, in a...
Persistent link: https://www.econbiz.de/10014070404
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Equity and efficiency when needs differ
Berg, Kristoffer; Håvarstein, Morten; Piacquadio, Paolo G. - 2024
There is no consensus on how to measure social welfare and inequality when households have different needs. As we show …-order importance for social welfare, but generally plays a minor role in the measurement of inequality. To address this impasse, we …
Persistent link: https://www.econbiz.de/10015052572
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Happiness, habits and high rank : comparisons in economic and social life
Clark, Andrew E. - 2012
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...
Persistent link: https://www.econbiz.de/10009557657
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Happiness, habits and high rank : comparisons in economic and social life
Clark, Andrew E. - 2011
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...
Persistent link: https://www.econbiz.de/10009408713
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Inequality, fairness and social capital
Fehr, Dietmar; Rau, Hannes; Trautmann, Stefan T.; Xu, Yilong - 2018
Abstract: We study the impact of unjust inequality on social trust and trustworthiness, and its separate effect on the … economic inequality on social interactions. Probing the boundaries of this effect, we document that this erosion of social …
Persistent link: https://www.econbiz.de/10011874017
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Inequality, Inequity Aversion, and the Provision of Public Goods
Kölle, Felix - 2011
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are … generated by purely selfish agents. But introducing inequality motivates more productive agents to exert higher efforts and help … disadvantageous inequality. Moreover, the more inequity averse the agents, the more inequality should be imposed even by an …
Persistent link: https://www.econbiz.de/10013129910