Happiness, Habits and High Rank: Comparisons in Economic and Social Life

The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation are actually found in a considerable variety of economic and social activities, rendering conclusions regarding well-being policy less straightforward.

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Year of publication:	2012
Authors:	Clark, Andrew E.
Institutions:	Forschungsbasierte Infrastruktureinrichtung "Sozio-oekonomisches Panel (SOEP)", DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject:	Comparison \| habituation \| income \| unemployment \| marriage \| divorce \| health \| religion \| policy

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Extent:	application/pdf
Series:	SOEPpapers on Multidisciplinary Panel Data Research. - ISSN 1864-6689.
Type of publication:	Book / Working Paper
Notes:	Number 452 40 pages long
Classification:	D1 - Household Behavior and Family Economics ; D31 - Personal Income, Wealth and Their Distributions ; H0 - Public Economics. General ; I31 - General Welfare; Basic Needs; Quality of Life ; J12 - Marriage; Marital Dissolution; Family Structure ; J28 - Safety; Accidents; Industrial Health; Job Satisfaction, Related Public Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010784010