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experience. Subjective assessments of financial well-being at time t, for individuals with a given income level, are compared … according to the income trajectory of the individual over the previous one to nine years. Descriptive statistics are followed by … scaling of satisfaction. The results show that year on year, individuals who have experienced a fall in income since the …
Persistent link: https://www.econbiz.de/10011126358
experience. Subjective assessments of financial well-being at time t, for individuals with a given income level, are compared … according to the income trajectory of the individual over the previous one to nine years. Descriptive statistics are followed by … scaling of satisfaction. The results show that year on year, individuals who have experienced a fall in income since the …
Persistent link: https://www.econbiz.de/10005797328
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
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …
Persistent link: https://www.econbiz.de/10013044420
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The … income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how …
Persistent link: https://www.econbiz.de/10011635744
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The … income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how …
Persistent link: https://www.econbiz.de/10003895798
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The … income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how …
Persistent link: https://www.econbiz.de/10014203865
positive link between top income shares and happiness is present in a subsample of Western countries. We discuss possible …We use data from the World Wealth & Income Database, the European Values Surveys and World Values Surveys to estimate … the relationship between income inequality as measured by top income shares and subjective well-being in a sample of 35 …
Persistent link: https://www.econbiz.de/10012846425
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/10012911198
The first objective of our paper is to identify the determinants of income satisfaction in Spain, with one of these … reduce individual deprivation. Our results suggest that the more unequal the income distribution is in a group, the less … income satisfied is the individual. Moreover, being unemployed is one of the main determinants of deprivation, although …
Persistent link: https://www.econbiz.de/10012777095