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Learning about one's relative position and subjective well-being

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  • Daniel Miles
  • Maximo Rossi

Abstract

In 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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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840600660721
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 39 (2007)
Issue (Month): 13 ()
Pages: 1711-1718

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Handle: RePEc:taf:applec:v:39:y:2007:i:13:p:1711-1718

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Cited by:
  1. 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.
  2. 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.
  3. Jérémy CELSE, 2011. "Damaging the perfect image of athletes: How sport promotes envy," Working Papers 11-16, LAMETA, Universtiy of Montpellier, revised Jun 2011.

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