Learning about one's relative position and subjective well-being
AbstractIn this article we show evidence which suggests that changes in an individual's relative position affects his subjective well-being (SWB). In this sense, our findings are in line with those who argue that a felicity function should take into account both absolute and relative position. Our results are based on a simple experimental design to discuss whether learning about one's relative position affects SWB. Additionally, using nonexperimental data we find a significant association between SWB and relative wage.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 39 (2007)
Issue (Month): 13 ()
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Other versions of this item:
- Daniel Miles & Máximo Rossi, 2006. "Learning about one’s relative position and subjective well-being," Documentos de Trabajo (working papers) 0906, Department of Economics - dECON.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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- Jérémy CELSE, 2011. "Damaging the perfect image of athletes: How sport promotes envy," Working Papers 11-16, LAMETA, Universtiy of Montpellier, revised Jun 2011.
- Wen-Chun Chang, 2013. "Climbing up the Social Ladders: Identity, Relative Income, and Subjective Well-being," Social Indicators Research, Springer, vol. 113(1), pages 513-535, August.
- Borraz, Fernando & Pozo, Susan & Rossi, Máximo, 2008.
"And What About the Family Back Home? International Migration and Happiness,"
Proceedings of the German Development Economics Conference, Zurich 2008
2, Verein für Socialpolitik, Research Committee Development Economics.
- Fernando Borraz & Susan Pozo & Máximo Rossi, 2008. "And What About the Family Back Home? International Migration and Happiness," Documentos de Trabajo (working papers) 0308, Department of Economics - dECON.
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