Clark, Andrew E.; Senik-Leygonie, Claudia; Yamada, Katsunori - 2015
While there is now something of a consensus in the literature on the economics of happiness that income comparisons to … others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income … regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from …