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...

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Bibliographic details
Main Author: Vendrik, Maarten C. M
Woltjer, Geert
Format: Publication
Language: English
Place of publication: Algemene Economie 1 01.01.2006
Data of publication: 2006-01-01
Dewey Decimal Classification: 330
Discipline: Economics
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
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