EconPapers    
Economics at your fingertips  
 

When experienced and decision utility concur: The case of income comparisons

Andrew Clark (), Claudia Senik and Katsunori Yamada ()

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2017, vol. 70, issue C, 1-9

Abstract: While there is now something of a consensus in the economics of happiness literature that income comparisons to others help determine subjective well-being, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox. The variety of results in this domain have produced some scepticism regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from an original Internet survey in Japan to compare the relative-income results from happiness regressions to those from hypothetical-choice experiments. This kind of validation of experienced utility via direct comparison with decision utility remains rare in this literature.

Keywords: Satisfaction; Income comparisons; Reference-group income; Discrete-choice experiments (search for similar items in EconPapers)
JEL-codes: D31 D63 I3 J31 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214804317300745
Full text for ScienceDirect subscribers only

Related works:
Working Paper: When experienced and decision utility concur: The case of income comparisons (2017)
Working Paper: When Experienced and Decision Utility Concur: The Case of Income Comparisons (2015) Downloads
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:eee:soceco:v:70:y:2017:i:c:p:1-9

Access Statistics for this article

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Ofer Azar

More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2018-03-31
Handle: RePEc:eee:soceco:v:70:y:2017:i:c:p:1-9