Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59612
Authors: 
Clark, Andrew E.
Year of Publication: 
2012
Series/Report no.: 
SOEPpapers on multidisciplinary panel data research 452
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
Document Type: 
Working Paper

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