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neighbors. -- income comparisons ; rank ; relative utility ; social interactions ; social status ; well-being …
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It has been shown that a person's relative income - compared to a reference group - has a negative impact on self-reported happiness. This suggests that people who aim at increasing their happiness should try to find a better-paid job if their relative income is low. In this paper we study this...
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well-being, defined as the share of explained variation in life satisfaction attributable to variation in merits not …
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to enhance their effort and utility. We employ a general specification utility function and show that the final effect of … technological growth on individuals' effort and utility depends, respectively, on the assumptions we make about their nature with … regard to their effort strategies (i.e. conformists, deviants or neutrals) and to their utility preferences (i.e. altruistic …
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