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.
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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
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"Economic Satisfaction and Income Rank in Small Neighbourhoods,"
08-25, University of Aarhus, Aarhus School of Business, Department of Economics.
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- Martin Carree & Ingrid Verheul, 2012. "What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders," Journal of Happiness Studies, Springer, vol. 13(2), pages 371-387, April.
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- 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).
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- Robin Samuel & Manfred Bergman & Sandra Hupka-Brunner, 2013. "The Interplay between Educational Achievement, Occupational Success, and Well-Being," Social Indicators Research, Springer, vol. 111(1), pages 75-96, March.
- Andreas Polk & Armin Schmutzler & Adrian Muller, 2010. "Lobbying and the Power of Multinational Firms," SOI - Working Papers 1008, Socioeconomic Institute - University of Zurich.
- 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.
- Roberta Distante, 2013.
"Subjective Well-Being, Income and Relative Concerns in the UK,"
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- Distante, Roberta, 2010. "Subjective well-being, income and relative concerns in the UK," MPRA Paper 30786, University Library of Munich, Germany.
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