Arbeitspapier
Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find negative correlations between comparison intensity and SWB for colleagues, people in the same occupation and friends, but not for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong negative correlation between perceiving to earn less than the reference group and SWB.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 9395
- Classification
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
Externalities
General Welfare; Well-Being
- Subject
-
relative income
German Socio-Economic Panel (SOEP)
income comparisons
subjective well-being
- Event
-
Geistige Schöpfung
- (who)
-
Goerke, Laszlo
Pannenberg, Markus
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Goerke, Laszlo
- Pannenberg, Markus
- Institute for the Study of Labor (IZA)
Time of origin
- 2015
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