The Effect of Relative Income Concerns on Life Satisfaction: Relative Deprivation and Loss Aversion
Income comparisons are important for individual well-being. We examine the shape of the relationship between relative income and life satisfaction, and test empirically if the features of the value function of prospect theory carry over to experienced utility. We draw on a unique panel dataset for a...
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| Format: | article |
| Sprache: | Englisch |
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2022
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| Online-Zugang: | https://hdl.handle.net/20.500.12008/52135 https://doi.org/10.1007/s10902-022-00555-w |
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