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Social Comparisons on Subjective Well-Being: The Role of Social and Cultural Capital

Author

Listed:
  • Elena Bárcena-Martín

    (Universidad de Málaga)

  • Alexandra Cortés-Aguilar

    (Universidad Industrial de Santander)

  • Ana I. Moro-Egido

    (Universidad de Granada)

Abstract

Using the German Socio-Economic Panel, we analyze the relevance of modeling social comparisons to determine their effect on subjective well-being. We find that it is important to model social comparisons in such a way that captures the sensitivity of individuals to proximity. The impact on subjective well-being differs depending on the manner in which proximity is modeled, revealing that the underlying processes in comparisons are not homogenous along the income distribution. Additionally, our results point out that social and cultural capital modify the effect of social comparisons and such modification depends on the sensitivity to proximity.

Suggested Citation

  • Elena Bárcena-Martín & Alexandra Cortés-Aguilar & Ana I. Moro-Egido, 2017. "Social Comparisons on Subjective Well-Being: The Role of Social and Cultural Capital," Journal of Happiness Studies, Springer, vol. 18(4), pages 1121-1145, August.
    • Handle: RePEc:spr:jhappi:v:18:y:2017:i:4:d:10.1007_s10902-016-9768-3
    DOI: 10.1007/s10902-016-9768-3
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    More about this item

    Keywords

    Subjective well-being; Social comparisons; Proximity; Social and cultural capital;
    All these keywords.

    JEL classification:

    • C29 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Other
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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