Konferenzbeitrag
Direct Evidence on Income Comparisons and Subjective Well-Being
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their relative income to be. In this paper, novel data with direct information on income comparison intensity and perceived relative income with respect to predetermined reference groups is used to provide evidence on the relationship between income comparisons and SWB. We find negative correlations between comparison intensity and SWB for co-workers, people in the same occupation and friends. For job-related reference groups income comparisons are mostly upwards and perceiving to earn less than the reference group has a strong negative effect on SWB.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Welfare Economics ; No. F03-V2
- Classification
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Wirtschaft
Personal Income, Wealth, and Their Distributions
Externalities
General Welfare; Well-Being
- Event
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Geistige Schöpfung
- (who)
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Pannenberg, Markus
Goerke, Laszlo
- Event
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Veröffentlichung
- (who)
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
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Kiel und Hamburg
- (when)
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2013
- Handle
- Last update
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10.03.2025, 11:41 AM CET
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
- Konferenzbeitrag
Associated
- Pannenberg, Markus
- Goerke, Laszlo
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2013
Other Objects (12)
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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
Unions and workers' well-being
Unions and Workers' Well-being
Profit Sharing and Relative Consumption
Social Comparisons in Oligopsony
Social comparisons in oligopsony
Social Comparisons in Oligopsony
Social comparisons in oligopsony
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
Unions and workers' well-being
Unions and Workers' Well-being
Profit Sharing and Relative Consumption
Social Comparisons in Oligopsony
Social comparisons in oligopsony
Social Comparisons in Oligopsony