Ambition and jealousy. Income interactions in the Old Europe versus the New Europe and the United States
Senik, Claudia. (2008). Ambition and jealousy. Income interactions in the Old Europe versus the New Europe and the United States. Economica, 75(299), 495-513.
Senik, Claudia. (2008). Ambition and jealousy. Income interactions in the Old Europe versus the New Europe and the United States. Economica, 75(299), 495-513.
318.ris — Octet Stream, 928 bytes
Using individual-level data from a large number of countries, this paper examines how self-reported subjective well-being depends on own income and reference income, where reference income is defined as the income of one's professional peers. It uncovers a divide between ‘old’—low-mobility—European countries on the one hand, and ‘new’ European post-Transition countries and the United States on the other. The relative importance of comparisons (‘jealousy’) versus information (‘ambition’) seems to depend on the degree of mobility and uncertainty in the considered countries.
JOUR
Senik, Claudia
2008
Economica
75
299
495-513
10.1111/j.1468-0335.2007.00629.x
318