Increasing Income Inequality, External Habits, and Self-Reported Happiness

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The demand for financial professionals' advice: The role of financial knowledge, satisfaction, and confidence (2012, background): “Additionally, the trend in increasing income inequahty in the United States has been associated with greater levels of household debt and mortality, and lower levels of self-reported well-being (Dynan and Ravina, 2007; Lacoviello, 2008; Wilkinson and Pickett 2008).”
The Silver Lining of Materialism: The Impact of Luxury Consumption on Subjective Well-Being (2012, background): “…subjective well-being (Ahuvia 2008; Linssen et al. 2011; Sheldon and Kasser 1998; Stutzer 2004), people seem to be happier if they earn more than the people they compare themselves with (Angeles 2010; Caporale et al. 2009; Dynan and Ravina 2007; Hagerty and Veenhoven 2003; Mentzakis and Moro 2009).”
Conspicuous consumption and “race”: Evidence from South Africa ☆ (2010, background): “, Dynan and Ravina (2007).”
Conspicuous Consumption and Race (2009, unknown): “7 Recent examples include Luttmer (2005), Clark and Oswald (1996), McBride (2001) and Dynan and Ravina (2007).”
Saving Rates and Poverty: The Role of Conspicuous Consumption and Human Capital (2012, unknown): “However, as suggested by Galor and Zeira (1993) and Banerjee and Newman (1993) credit constraints prevent the poor from passing the threshold of investment that permits a gradual escape from poverty.”