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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/10013120404
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/10013101869
activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income … ; unemployment ; marriage ; divorce ; health ; religion ; policy …
Persistent link: https://www.econbiz.de/10009408713
activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income … ; unemployment ; marriage ; divorce ; health ; religion ; policy …
Persistent link: https://www.econbiz.de/10009557657
in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …
Persistent link: https://www.econbiz.de/10013316988
life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two … income. The model is estimated using a large German panel data set. …
Persistent link: https://www.econbiz.de/10011326415
stable EU economies, other people's income affects my utility directly, through comparison effects, whereas in more volatile … average income in one's professional group affects individual subjective well-being negatively in EU countries, whereas the … information effects are predominant from 1990 onwards. This divergent attitude towards other people's income is potentially …
Persistent link: https://www.econbiz.de/10014070404
The present study investigates the role of proximity in shaping social income static and dynamic comparisons and their … impact on well-being, measured in terms of self-assessed health. Using the Spanish Survey of Household Finances (2002 …-2017), the study examines how individuals compare their income trajectories with those of their peers, considering varying …
Persistent link: https://www.econbiz.de/10015396248
the UK Understanding Society Innovation Panel survey. The randomised experiments relate to job, health, income, leisure … and overall life-satisfaction questions and vary the labeling of response scales, mode of interviewing, and location of … distribution of reported satisfaction measures, particularly for women. Results from the sort of conditional modeling used to …
Persistent link: https://www.econbiz.de/10013029643
into account that there are different aspects of life such as health, financial situation, and job. We call them domains …, finance, health, leisure, housing, and environment. We distinguish between long-term and short-term effects. Next, we explain … domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We estimate a model for …
Persistent link: https://www.econbiz.de/10014119784