Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still …: one that insists on individual relative income, and one that finds similarity between individual and aggregate levels … effect of relative income on SWB varies across countries as a function of average income, in addition to a relatively small …

Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still …: one that insists on individual relative income, and one that finds similarity between individual and aggregate levels … effect of relative income on SWB varies across countries as a function of average income, in addition to a relatively small …

income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with …This paper presents an empirical analysis of the importance of 'comparison income' for individual well-being or … happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main …