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poverty despite striking reductions in absolute poverty. The effects of relative deprivation explain why average happiness has …
Persistent link: https://www.econbiz.de/10011430756
U.S. income inequality has risen dramatically in recent decades. Researchers consistently find that greater income inequality measured at the state or national level is associated with diminished subjective well-being (SWB) in the U.S. We conduct the first multi-scale analysis (i.e., at the...
Persistent link: https://www.econbiz.de/10011526744
We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income hypothesis (RIH) and altruism). The relationship is...
Persistent link: https://www.econbiz.de/10011476321
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findings in happiness regressions, such as a negative but u-shaped age effect, positive influences of education and relative …
Persistent link: https://www.econbiz.de/10010494190
Persistent link: https://www.econbiz.de/10011774488
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
Persistent link: https://www.econbiz.de/10010338846
concentrations of ethnic minority populations. We also explore one consequence of coresidency, reported happiness. We find that … of happiness, we find again that socioeconomic and demographic conditions matter, as does ethnicity. Controlling all else …, coresidency increases the happiness of the elderly by about 28 percent. Moreover, the unobserved characteristics that drive …
Persistent link: https://www.econbiz.de/10010358242
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