3,054 Citations
The Role of Income Aspirations in Individual Happiness
- Economics
- 2002
Does individual well-being depend on the absolute level of income and consumption or is it relative to one's aspirations? In a direct empirical test, it is found that higher income aspirations reduce…
Income and Happiness: Towards a Unified Theory
- Economics
- 2001
Material aspirations are initially fairly similar among income groups; consequently more income brings greater happiness. Over the life cycle, however, aspirations grow along with income, and…
The Income — Happiness Relationship
- Economics
- 2002
Early in the life cycle material preferences or aspirations are fairly similar among income groups, and those with more income consequently have higher utility, and are happier. Over the life cycle…
Absolute Income, Relative Income, and Happiness
- Economics
- 2005
This paper uses data from the World Values Survey to investigate how an individual’s self-reported happiness is related to (i) the level of her income in absolute terms, and (ii) the level of her…
How not to buy happiness
- EconomicsDaedalus
- 2004
on human happiness is that although the rich are signi1⁄2cantly happier than the poor within any country at any moment, average happiness levels change very little as people’s incomes rise in tandem…
Economic Growth Evens Out Happiness: Evidence from Six Surveys
- EconomicsThe Review of income and wealth
- 2016
This cross-country regression results argue that the extension of various public goods helps to explain this greater happiness homogeneity in countries that have experienced income growth, offering a somewhat brighter perspective for developing countries.
The Great Happiness Moderation
- EconomicsSSRN Electronic Journal
- 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed…
Trends in income growth , average happiness and happiness inequality : Germany ( SOEP )
- Economics
- 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed…
Trends in income growth , average happiness and happiness inequality : Germany ( SOEP )
- Economics
- 2012
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed…
Wealth and Happiness Revisited: Growing wealth of nations does go with greater happiness
- Economics
- 2003
textabstract“Will raising the incomes of all increase the happiness of all?” Intuition says 'yes' but theories of relative utility caution that the answer may be ‘no’. The theory of relative utility…
References
SHOWING 1-10 OF 60 REFERENCES
Does money buy satisfaction
- Economics
- 1975
There was no change in the distribution of satisfaction with the standard of living among Detroit area wives between 1955 and 1971, although current-dollar median family income more than doubled and…
Is happiness relative?
- Psychology
- 1991
The theory that happiness is relative is based on three postulates: (1) happiness results from comparison, (2) standards of comparison adjust, (3) standards of comparison are arbitrary constructs. On…
Human Development in Poor Countries: On the Role of Private Incomes and Public Services
- Economics, Political Science
- 1993
Development is often taken to mean rising incomes. Discussions of the "goals of development" now often emphasize the reduction of poverty, rather than raising average incomes per se. The role of…
How Much Income Is Enough? Measuring Public Judgments
- Economics
- 1985
How MUCH income is enough? If we are to make sense of this question, we must immediately ask at least three subsidiary questions. First, enough to do what? That is, how much income is enough to…
Economic Growth and Social Welfare: The Need for a Complete Study of Happiness
- Sociology
- 1978
SUMMARY
Does economic growth increase social welfare (happiness)? Answers to such questions can only be provided by a complete analysis of all the objective, subjective, and institutional effects.…
Industrial Man: The Relation of Status to Experience, Perception, and Value
- PsychologyAmerican Journal of Sociology
- 1960
Perceptions, attitudes, and values relating to a wide range of situations are shown to be systematically ordered in modern societies. The average proportion of persons holding a particular view may…
Further evidence on the individual welfare function of income: An empirical investigatiion in The Netherlands
- Economics
- 1973
Happiness: Time trends, seasonal variations, intersurvey differences, and other mysteries.
- Psychology
- 1979
This paper examines trends in psychological well-being in the United States since the Second World War. To measure these trends, a long series of surveys with questions on subjective, personal…