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DC Field | Value | Language |
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dc.contributor.author | Caporale, GM | - |
dc.contributor.author | Georgellis, Y | - |
dc.contributor.author | Tsitsianis, N | - |
dc.contributor.author | Yin, YP | - |
dc.coverage.spatial | 28 | en |
dc.date.accessioned | 2007-07-06T15:17:32Z | - |
dc.date.available | 2007-07-06T15:17:32Z | - |
dc.date.issued | 2007 | - |
dc.identifier.citation | Economics and Finance Working papers, Brunel University, 07-15 | en |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/1030 | - |
dc.description.abstract | Using 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.format.extent | 358196 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | Brunel University | en |
dc.subject | Comparison income; Reference groups; Happiness; Life satisfaction. | en |
dc.title | Income and happiness across Europe: Do reference values matter? | en |
dc.type | Research Paper | en |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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