Referierte Aufsätze Web of Science
Stefan Boes, Kevin E. Staub, Rainer Winkelmann
In: Economics Letters 109 (2010), 3, 168-170
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
DOI:
https://doi.org/10.1016/j.econlet.2010.08.027