Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26190 
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dc.contributor.authorCaporale, Guglielmo Mariaen
dc.contributor.authorGeorgellis, Yannisen
dc.contributor.authorTsitsianis, Nicholasen
dc.contributor.authorPing, Yaen
dc.date.accessioned2008-02-06-
dc.date.accessioned2009-07-28T08:28:51Z-
dc.date.available2009-07-28T08:28:51Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/26190-
dc.description.abstractUsing data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and life satisfaction, reference income exerts a negative effect on individual well-being, a result consistent with the relative utility hypothesis. Performing separate analyses for some Eastern European countries, we also find some evidence of a tunnel effect', in that reference income has a positive impact on subjective well-being. Our findings support the view that in environments with stable income and employment, reference income serves as a basis for social comparisons, whereas in relatively volatile environments, it is used as a source of information for forming expectations about future status.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2146en
dc.subject.jelI31en
dc.subject.ddc330en
dc.subject.keywordcomparison incomeen
dc.subject.keywordreference groupsen
dc.subject.keywordhappinessen
dc.subject.keywordlife satisfactionen
dc.subject.stwEinkommensverteilungen
dc.subject.stwLebensqualitäten
dc.subject.stwLebenszufriedenheiten
dc.subject.stwStatistisches Auswahlverfahrenen
dc.subject.stwSchätzungen
dc.subject.stwEuropaen
dc.titleIncome and happiness across Europe: do reference values matter?-
dc.typeWorking Paperen
dc.identifier.ppn557919061en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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