Subjective Well-Being: Keeping Up with the Perception of the Joneses
AbstractUsing 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 InfoArticle provided by Springer in its journal Social Indicators Research.
Volume (Year): 109 (2012)
Issue (Month): 3 (December)
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Web page: http://www.springer.com/economics/journal/11135
Find related papers by JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Personal Finance
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
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- Laszlo Goerke & Markus Pannenberg, 2013.
"Direct Evidence on Income Comparisons and Subjective Well-Being,"
IAAEU Discussion Papers
201303, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
- 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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