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Age, Life-Satisfaction, and Relative Income: Insights from the UK and Germany
subjective life-satisfaction comparison income reference groups age welfare
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2012/10/22
We first confirm previous results with the German Socio-Economic Panel by Layard et al. (2010), and obtain strong negative effects of comparison income. However, when we split the sample by age, we fi...
Relative Cohort Size, Relative Income, and Women's Labor Force Participation 1968-2010
relative cohort size relative in come women’s labor force participation sex ratio women’s hours worked
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2012/10/24
Relative cohort size – the ratio of young to prime-age adults – and relative income – the income of young adults relative to their material aspirations, as instrumented using the income of older famil...
Marriage Meets the Joneses: Relative Income, Identity, and Marital Status
Marriage Meets Joneses elative Income Identity Marital Status
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2016/3/8
This paper investigates the effect of relative income on marriage. Accounting flexibly for absolute income, the ratio between a man’s income and a local reference group median is a strong predictor of...