Relative status and satisfaction

Stefan Boes, Kevin Staub and Rainer Winkelmann

Economics Letters, 2010, vol. 109, issue 3, 168-170

Abstract: This paper studies the effect of income rank on satisfaction. We hypothesize that a person's satisfaction depends on a comparison of own rank and rank of one's parents. Estimates using data from the German Socio-Economic Panel support the relative rank hypothesis.

Keywords: Happiness; Income; norms; Subjective; well-being (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (15)

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Working Paper: Relative status and satisfaction (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:109:y:2010:i:3:p:168-170

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