Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55083
Authors: 
Clark, Andrew E.
Year of Publication: 
2011
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5966
Abstract: 
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation are actually found in a considerable variety of economic and social activities, rendering conclusions regarding well-being policy less straightforward.
Subjects: 
comparison
habituation
income
unemployment
marriage
divorce
health
religion
policy
JEL: 
D01
D31
H00
I31
J12
J28
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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