Subjective Welfare, Isolation and Relative Consumption.
The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship in poor countries have yielded conflicting results, suggesting that the relationship is not universal or only applies above a certain income level. We revisit the issue using data f...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
2006
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