income. 2) In the West German Socio-Economic Panel since 1984 the same is true but with lifesatisfaction as the dependant … variable. We also use the Panel to compare the effect of income comparisons and of adaptation as factors explaining the stable … further supporting the view that comparisons matter. 4) Finally, for a panel of European countries since 1973 we estimate the …

In questions inserted into the 2008 module of the German-Socio Economic Panel we ask subjects to report their income …