Journal article | Zeitschriftenartikel

Direct evidence on income comparisons and their welfare effects

This paper provides direct evidence that income comparisons exert a significant impact on subjective well-being. It also evaluates the relative importance of different types of benchmarks. Internal comparisons to one's own past living standard outweigh any other comparison benchmarks. Local comparisons (to one's parents, former colleagues or high-school mates) are more powerful than self-ranking in the social ladder. The impact of comparisons is asymmetric: under-performing one's benchmark always has a greater welfare effect than out-performing it (in absolute value). Comparisons which reduce satisfaction also increase the demand for income redistribution, but there, the relative impact of subjective ranking is preponderant.

Urheber*in: Senik, Claudia

Free access - no reuse

Extent: Seite(n): 408–424

Language: Englisch

Notes: Status: Postprint; begutachtet (peer reviewed)

Bibliographic citation: Journal of Economic Behavior & Organization, 72(1)

Classification: Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

Subject: Psychologie
Soziologie, Anthropologie
Wirtschaftssoziologie
Sozialpsychologie
Transition

Event: Geistige Schöpfung

(who): Senik, Claudia

Event: Veröffentlichung

(where): Niederlande

(when): 2009

DOI: https://doi.org/10.1016/j.jebo.2009.04.019

URN: urn:nbn:de:0168-ssoar-293675

Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln

Last update: 21.06.2024, 4:27 PM CEST

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Zeitschriftenartikel

Associated

Senik, Claudia

Time of origin

2009

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Direct evidence on income comparisons and their welfare effects

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Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and subjective well-being

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Direct evidence on income comparisons and subjective well-being

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Direct evidence on income comparisons and subjective well-being

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Direct Evidence on Income Comparisons and Subjective Well-Being

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Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

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Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

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Direct evidence for income comparisons and subjective well-being across reference groups

Arbeitspapier

Comparisons of income mobility profiles

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International comparisons of income distribution

Direct evidence on income comparisons and their welfare effects

Arbeitspapier

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and subjective well-being

Arbeitspapier

Direct evidence on income comparisons and subjective well-being

Arbeitspapier

Direct evidence on income comparisons and subjective well-being

Konferenzbeitrag

Direct Evidence on Income Comparisons and Subjective Well-Being

Arbeitspapier

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Arbeitspapier

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Arbeitspapier

Direct evidence for income comparisons and subjective well-being across reference groups

Arbeitspapier

Comparisons of income mobility profiles

Arbeitspapier

International comparisons of income distribution

Direct evidence on income comparisons and their welfare effects

Arbeitspapier

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and subjective well-being

Arbeitspapier

Direct evidence on income comparisons and subjective well-being

Arbeitspapier

Direct evidence on income comparisons and subjective well-being

Konferenzbeitrag

Direct Evidence on Income Comparisons and Subjective Well-Being

Arbeitspapier

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Arbeitspapier

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Arbeitspapier

Direct evidence for income comparisons and subjective well-being across reference groups

Arbeitspapier

Comparisons of income mobility profiles

Arbeitspapier

International comparisons of income distribution

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Direct evidence on income comparisons and their welfare effects

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Other Objects (12)

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and subjective well-being

Direct evidence on income comparisons and subjective well-being

Direct evidence on income comparisons and subjective well-being

Direct Evidence on Income Comparisons and Subjective Well-Being

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Direct evidence for income comparisons and subjective well-being across reference groups

Comparisons of income mobility profiles

International comparisons of income distribution

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and subjective well-being

Direct evidence on income comparisons and subjective well-being

Direct evidence on income comparisons and subjective well-being

Direct Evidence on Income Comparisons and Subjective Well-Being

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Direct evidence for income comparisons and subjective well-being across reference groups

Comparisons of income mobility profiles

International comparisons of income distribution

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and their welfare effects

Direct evidence on income comparisons and subjective well-being

Direct evidence on income comparisons and subjective well-being

Direct evidence on income comparisons and subjective well-being

Direct Evidence on Income Comparisons and Subjective Well-Being

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Direct evidence for income comparisons and subjective well-being across reference groups

Comparisons of income mobility profiles

International comparisons of income distribution

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