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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...
Persistent link: https://www.econbiz.de/10011530541
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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of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility … satisfaction ; subjective well-being ; inequality ; income distribution ; redistribution ; political ideology ; justice ; fairness …
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satisfaction ; subjective well-being ; inequality ; income distribution ; redistribution ; political ideology ; justice ; fairness …
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of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …
Persistent link: https://www.econbiz.de/10013136696
We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual...
Persistent link: https://www.econbiz.de/10013011116