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Income and happiness: Evidence, explanations and economic implications
Clark, Andrew E.; Frijters, Paul; Shields, Michael A. - HAL - 2006
There is now a great deal of micro-econometric evidence, both cross-section and panel, showing that income is … measures of utility, and resolve the Easterlin paradox by appealing to income comparisons: these can be to others (social …
Persistent link: https://www.econbiz.de/10010738736
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - HAL - 2008
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...
Persistent link: https://www.econbiz.de/10010739114