Relative status and satisfaction
AbstractThis paper studies the effect of income rank on satisfaction. We hypothesize that a person's satisfaction depends on a comparison of own rank and rank of one's parents. Estimates using data from the German Socio-Economic Panel support the relative rank hypothesis.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 109 (2010)
Issue (Month): 3 (December)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Happiness Income norms Subjective well-being;
Other versions of this item:
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andrew E. Clark & Nicolai Kristensen & Niels WestergÃ¥rd-Nielsen, 2008.
"Economic satisfaction and income rank in small neighbourhoods,"
PSE Working Papers
- Andrew E. Clark & Nicolai Kristensen & Niels WestergÃ¥rd-Nielsen, 2009. "Economic Satisfaction and Income Rank in Small Neighbourhoods," Journal of the European Economic Association, MIT Press, MIT Press, vol. 7(2-3), pages 519-527, 04-05.
- Clark, Andrew E. & Kristensen, Nicolai & Westergård-Nielsen, Niels C., 2008. "Economic Satisfaction and Income Rank in Small Neighbourhoods," IZA Discussion Papers 3813, Institute for the Study of Labor (IZA).
- Clark, Andrew E. & Kristensen, Nicolai & Westergaard-Nielsen, Niels, 2008. "Economic Satisfaction and Income Rank in Small Neighbourhoods," Working Papers 08-25, University of Aarhus, Aarhus School of Business, Department of Economics.
- Erzo F. P. Luttmer, 2005.
"Neighbors as Negatives: Relative Earnings and Well-Being,"
The Quarterly Journal of Economics, MIT Press,
MIT Press, vol. 120(3), pages 963-1002, August.
- Erzo F.P. Luttmer, 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," NBER Working Papers 10667, National Bureau of Economic Research, Inc.
- Luttmer, Erzo F. P., 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," Working Paper Series rwp04-029, Harvard University, John F. Kennedy School of Government.
- McBride, Michael, 2001. "Relative-income effects on subjective well-being in the cross-section," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 45(3), pages 251-278, July.
- Clark, Andrew E. & Frijters, Paul & Shields, Michael A., 2007.
"Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles,"
IZA Discussion Papers
2840, Institute for the Study of Labor (IZA).
- Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
- Karen E. Dynan & Enrichetta Ravina, 2007. "Increasing Income Inequality, External Habits, and Self-Reported Happiness," American Economic Review, American Economic Association, American Economic Association, vol. 97(2), pages 226-231, May.
- Ferrer-i-Carbonell, Ada, 2005. "Income and well-being: an empirical analysis of the comparison income effect," Journal of Public Economics, Elsevier, Elsevier, vol. 89(5-6), pages 997-1019, June.
- Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 111(473), pages 465-84, July.
- Polk, Andreas & Schmutzler, Armin & Müller, Adrian, 2013.
"Lobbying and the Power of Multinational Firms,"
Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order
79875, Verein für Socialpolitik / German Economic Association.
- Tobias Pfaff, 2013. "Income Comparisons, Income Adaptation, and Life Satisfaction: How Robust Are Estimates from Survey Data?," SOEPpapers on Multidisciplinary Panel Data Research 555, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Bille, Trine & FjÃ¦llegaard, Cecilie Bryld & Frey, Bruno S. & Steiner, Lasse, 2013. "Happiness in the artsâ€”International evidence on artistsâ€™ job satisfaction," Economics Letters, Elsevier, Elsevier, vol. 121(1), pages 15-18.
- Distante, Roberta, 2010.
"Subjective well-being, income and relative concerns in the UK,"
30786, University Library of Munich, Germany.
- Roberta Distante, 2013. "Subjective Well-Being, Income and Relative Concerns in the UK," Social Indicators Research, Springer, Springer, vol. 113(1), pages 81-105, August.
- Michele Sennhauser, 2009. "Why the Linear Utility Function is a Risky Choice in Discrete-Choice Experiments," SOI - Working Papers 1014, Socioeconomic Institute - University of Zurich.
- Grund, Christian & Martin, Johannes, 2012. "Monetary Reference Points of Managers: An Empirical Investigation of Status Quo Preferences and Social Comparisons," IZA Discussion Papers 7097, Institute for the Study of Labor (IZA).
- Pfaff, Tobias, 2013. "Income comparisons, income adaptation, and life satisfaction: How robust are estimates from survey data?," CIW Discussion Papers 5/2013, University of Münster, Center for Interdisciplinary Economics (CIW).
- Robin Samuel & Manfred Bergman & Sandra Hupka-Brunner, 2013. "The Interplay between Educational Achievement, Occupational Success, and Well-Being," Social Indicators Research, Springer, Springer, vol. 111(1), pages 75-96, March.
- Martin Carree & Ingrid Verheul, 2012. "What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders," Journal of Happiness Studies, Springer, Springer, vol. 13(2), pages 371-387, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.