Asadullah, Mohammad Niaz; Chaudhury, Nazmul - In: Journal of Economic Psychology 33 (2012) 5, pp. 940-950
This paper revisits the debate over the importance of absolute vs. relative income as a correlate of subjective well-being using data from Bangladesh, one of the poorest countries in the world with high levels of corruption and poor governance. We do so by combining household data with...