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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Bibliographic Details

Main Author:	Leites, Martín (author)
Other Authors:	Ramos, Xavier (author)
Format:	article
Language:	English
Published:	2022
Subjects:	Life satisfaction Prospect theory Relative income Loss aversion ECONOMIA DEL BIENESTAR
Online Access:	https://hdl.handle.net/20.500.12008/52135 https://doi.org/10.1007/s10902-022-00555-w
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