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| Author: | Ferrer-i-Carbonell, A. |
| Title: | Income and well-being: an empirical analysis of the comparison income effect |
| Journal: | Journal of Public Economics
2005 : JUN, VOL. 89:5-6, p. 997-1019 |
| Index terms: | Income distribution Preferences Reference groups Utility theory |
| Language: | eng |
| Abstract: | This article examines empirically the influence of the income of a reference group on the well-being or happiness of an individual. The analysis uses a self-reported measure of satisfaction with life as a measure of individual well-being. The findings indicate that individuals are happier the larger their income is in comparison with the income of the reference group. |
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