Happiness and loss aversion: Is utility concave or convex in relative income?

A central finding in happiness research is that a person's life satisfaction depends on the level of her income relative to the average income in her social reference group. This dependence of life satisfaction on relative income can be related to the reference dependence of the value function...

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Bibliographic details
Volume: 91
Main Author: Vendrik, Maarten C.M
Woltjer, Geert B
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: LAUSANNE Elsevier B.V 2007
ELSEVIER SCIENCE SA
Elsevier
published in: Journal of public economics Vol. 91; no. 7; pp. 1423 - 1448
Related: RS: GSBE METEOR T1
RS: GSBE DUHR
Microeconomics & Public Economics
RS: GSBE ETBC
RS: GSBE METEOR T2
Data of publication: 2007
ISSN: 0047-2727
1879-2316
EISSN: 1879-2316
Discipline: Economics
Mathematics
Political Science
Series: Journal of Public Economics
Subjects:
D6
I31
Online Access: available in Bonn?
Database: NARCIS:Publications
NARCIS
NARCIS: Datasets
Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2007
Web of Knowledge
Web of Science
RePEc
RePEc IDEAS
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS