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Where do I rank? Am I happy?: learning income position and subjective-wellbeing in an internet experiment

Eiji Yamamura

Papers from arXiv.org

Abstract: A tailor-made internet survey experiment provides individuals with information on their income positions to examine their effects on subjective well-being. In the first survey, respondents were asked about their household income and subjective well-being. Based on the data collected, three different respondents' income positions within the residential locality, within a group of the same educational background, and cohort were obtained. In the follow-up survey for the treatment group, respondents are informed of their income positions and then asked for subjective well-being. Key findings are that, after obtaining information, a higher individual's income position improves their subjective well-being. The effects varied according to individual characteristics and proxies.

Date: 2021-07
New Economics Papers: this item is included in nep-dcm, nep-exp, nep-hap and nep-isf
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