FitzRoy, Felix R.; Nolan, Michael A.; Steinhardt, Max F.; … - 2011
In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can … comparison income on life satisfaction with all age groups, and many controls. However when we split the West German sample by … age we find a positive significant effect of comparison income in the under 45s, and the usual negative effect only in the …