activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income …

activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income …

to (i) the level of her income in absolute terms, and (ii) the level of her income relative to other people in her … country. The main findings are that (i) both absolute and relative income are positively and significantly correlated with … happiness, (ii) quantitatively, changes in relative income have much larger effects on happiness than do changes in absolute …

The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …

millionaire wealth as a proportion of GDP, but with low levels of income inequality. This paper uses databases from the Forbes … inequality of wealth and income distribution has a positive impact on happiness feelings, especially in countries with low levels … of income. Furthermore, wealth inequalities, and especially the degree of concentration of wealth at the very top of the …

in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …