Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92725
Authors: 
Clark, Andrew E.
Senik, Claudia
Yamada, Katsunori
Year of Publication: 
2013
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 866
Abstract: 
This paper uses Japanese data which includes measures of self-declared satisfaction, reference-group income, and the direction and intensity of income comparisons. Relative to Europeans, the Japanese compare more to friends and less to colleagues, and compare their incomes more. The relationship between satisfaction and others' income is negative, and more negative for those who report greater income comparison intensity. A self-reported measure of others' income does better than cell-mean income in explaining satisfaction, and would arguably make a useful addition to many existing surveys.
Subjects: 
Income Comparisons
Reference-Group Income
Reference Groups
Satisfaction
JEL: 
D31
D63
I3
J31
Document Type: 
Working Paper

Files in This Item:
File
Size
211.66 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.