Happiness and loss aversion: when social participation dominates comparison
A central finding in happiness research is that a person's income relative to the average income in her social reference group is more important for her life satisfaction than the absolute level of her income. This dependence of life satisfaction on relative income can be related to the referen...
Vendrik, Maarten C. M
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 2006
|published in:||IZA Discussion Papers Vol. 2218|
|Data of publication:||2006|
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