Adaptation or Social Comparison? The e¤ects of income on happiness
نویسنده
چکیده
Two mechanisms have attracted considerable attention from researchers studying the e¤ects of income on happiness: adaptation and social comparison. In this paper we study both mechanisms using a panel of British households. Besides dealing with the UK case in detail, the paper contributes to the literature by considering the two mechanisms together and testing for them both separately and jointly. Our results strongly support the existence of adaptation e¤ects but nd only weak evidence in favour of social comparison.
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تاریخ انتشار 2010