Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/80872 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
IAAEU Discussion Paper Series in Economics No. 03/2013
Verlag: 
University of Trier, Institute for Labour Law and Industrial Relations in the European Union (IAAEU), Trier
Zusammenfassung: 
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their relative income to be. In this paper, novel data with direct information on income comparison intensity and perceived relative income with respect to predetermined reference groups is used to provide evidence on the relationship between income comparisons and SWB. We find negative correlations between comparison intensity and SWB for co-workers, people in the same occupation and friends. For job-related reference groups income comparisons are mostly upwards and perceiving to earn less than the reference group is negatively correlated with SWB.
Schlagwörter: 
Income Comparisons
Endogenous Reference Groups
German Socio-Economic Panel (SOEP)
Subjective Well-Being
JEL: 
D31
D62
I31
Dokumentart: 
Working Paper

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