Learning about one’s relative position and subjective well-being
AbstractIn this paper we show evidence which suggests that changes in an individual’s relative position affects his subjective well-being. 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 result are based on a simple experimental design to discuss whether learning about one’s relative position affects subjective well-being. Additionally, using nonexperimental data we find a significant association between subjective well-being and relative wage.
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Bibliographic InfoPaper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 0906.
Length: 20 pages
Date of creation: Sep 2006
Date of revision:
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relative income; subjective well-being;
Other versions of this item:
- Daniel Miles & Maximo Rossi, 2007. "Learning about one's relative position and subjective well-being," Applied Economics, Taylor and Francis Journals, vol. 39(13), pages 1711-1718.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
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- Borraz, Fernando & Pozo, Susan & Rossi, Máximo, 2008.
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- 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.
- 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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