Does relative income matter? Are the critics right?

By R. Layard, G. Mayraz, Stephen Nickell. 2009

194 citations recorded by the source corpus.

Subfields: Finance, Social Psychology, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/569ae520589365f37cf0867bfc6e4ce33c77753f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

In Social Psychology

In Sociology and Political Science

Citations in the corpus

How Satisfied are the Self-Employed? A Life Domain View (2015, unknown): “The validity of such subjective well-being measures has been established within the psychological and economic literature (Diener et al. 1999; Helliwell and Wang 2012; Layard et al. 2010), and subjective well-being measures correlate in the expected directions with a number of objective factors such”
Did the Decline in Social Connections Depress Americans’ Happiness? (2013, background): “The trend of US happiness has been found to be declining too (Layard et al. 2009; Stevenson and Wolfers, 2008, 2009), although the general existence of a non-increasing trend of subjective wellbeing for Western countries has been questioned (Stevenson and Wolfers, 2008; Sacks et al.”
The Wellbeing–Consumption paradox: Happiness, health, income, and carbon emissions in growing versus non-growing economies (2019, background): “The idea is that the happiness you obtain from an increase in 94 income can be offset if others get larger income increases, or if you get a smaller increase than you 95 aspired to, thereby leaving the national happiness level unchanged despite sustained income 96 increases (Easterlin et al., 2010; ”
Measuring Subjective Wellbeing: Recommendations on Measures for use by National Governments (2012, methodology): “…and SWB is that this relationship is positive and modest (Stevenson and Wolfers, 2008), although there are some differences depending on what measure of SWB is used (Kahneman and Deaton, 2010), and whether other people’s income is included in the assessment (Luttmer, 2005; Layard et al., 2010).”
Will GDP Growth Increase Happiness in Developing Countries? (2011, background): “Many other authors have documented these evolutions and their relation with subjective well-being, e.g. Inglehart and Welzel (2005), Inglehart et al. (2008), Layard et al., 2010, Di Tella and MacCulloch (2008), Becker et al. (2005).”