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| Tekijä: | Clark, A.E. Senik, C. |
| Otsikko: | Who compares to whom? The anatomy of income comparisons in Europe |
| Lehti: | Economic Journal
2010 : MAY, VOL 120:544 p. 573-594 |
| Asiasana: | income distribution occupational status occupations benchmarking PAY PAY |
| Vapaa asiasana: | well-being |
| Kieli: | eng |
| Tiivistelmä: | This paper provides unprecedented direct evidence from large-scale survey data on both the intensity and direction of income comparisons. Income comparisons are considered to be at least somewhat significant by three-quarters of Europeans. They are related to both lower levels of subjective well-being and a greater demand for income redistribution. The rich compare less and are happier than average when they do, which latter is consistent with relative income theory. With respect to the direction of comparisons, colleagues are the most frequently-cited reference group. Those who compare to colleagues are happier than those who compare to other benchmarks. |
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