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Subjective Well-Being: Keeping Up with the Perception of the Joneses

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  • Cahit Guven

    ()

  • Bent Sørensen

    ()

Abstract

Using data from the US General Social Survey 1972–2004, we study the role of perceptions and status in self-reported happiness. Reference group income negatively relates to own happiness and high perceptions about own relative income, quality of dwelling, and social class relate positively and very significantly to happiness. Perceptions about income and status matter more for females, and for low income, conservative, more social, and less trusting individuals. Dwelling perceptions matter more for males, and for middle income, married, conservative, more social, and less trusting individuals. Copyright Springer Science+Business Media B.V. 2012

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Bibliographic Info

Article provided by Springer in its journal Social Indicators Research.

Volume (Year): 109 (2012)
Issue (Month): 3 (December)
Pages: 439-469

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Handle: RePEc:spr:soinre:v:109:y:2012:i:3:p:439-469

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Web page: http://www.springer.com/economics/journal/11135

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Related research

Keywords: Happiness; Social comparison; Status; Perceptions; D14; D63; I31;

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References

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Citations

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Cited by:
  1. Coibion, Olivier & Gorodnichenko, Yuriy & Kudlyak, Marianna & Mondragon, John, 2014. "Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data," IZA Discussion Papers 7910, Institute for the Study of Labor (IZA).
  2. Goerke, Laszlo & Pannenberg, Markus, 2013. "Keeping up with the Joneses: Income Comparisons and Labour Supply," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80033, Verein für Socialpolitik / German Economic Association.
  3. Semih Tumen & Tugba Zeydanli, 2014. "Home Ownership and Job Satisfaction," Social Indicators Research, Springer, vol. 117(1), pages 165-177, May.
  4. Laszlo Goerke & Markus Pannenberg, 2013. "Direct Evidence on Income Comparisons and Subjective Well-Being," SOEPpapers on Multidisciplinary Panel Data Research 549, DIW Berlin, The German Socio-Economic Panel (SOEP).

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