RELATIVE INCOME AND HAPPINESS

Nisachon Leerattanakorn ()
Additional contact information
Nisachon Leerattanakorn: Maejo University

No 5808095, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Most of the literature confirms link between relative real income and happiness, but few research study the link of income perception. This empirical study aims to investigate the linkage between relative income and happiness. We conducted a survey and then estimated happiness using the ordered logit model. Results showed that individual happiness is not only related to absolute relative income, but is also associated with the attitude toward relative income in two dimensions, namely, individual?s needs and compared with those of other people. Moreover, self-esteem, trust, and community specification factors can influence individual happiness. Policy implication should concern real inequality together with perception on inequality.

Keywords: Happiness; Well-being; Relative income; Attitude; Thailand (search for similar items in EconPapers)
JEL-codes: A12 D01 I31 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2017-10
New Economics Papers: this item is included in nep-hap, nep-hpe and nep-sea
References: Add references at CitEc
Citations:

Published in Proceedings of the Proceedings of the 33rd International Academic Conference, Vienna, Oct 2017, pages 199-208

Downloads: (external link)
https://iises.net/proceedings/33rd-international-a ... =58&iid=042&rid=8095 First version, 2017

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:5808095

Access Statistics for this paper

More papers in Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().