When experienced and decision utility concur: The case of income comparisons
Andrew E. Clark
- Fonction : Auteur
- PersonId : 742286
- IdHAL : andrew-clark
- ORCID : 0000-0001-7004-7654
- IdRef : 035800070
Claudia Senik
- Fonction : Auteur
- PersonId : 743549
- IdHAL : claudia-senik
- ORCID : 0000-0001-6236-9389
- IdRef : 035112328
Résumé
While there is now something of a consensus in the economics of happiness literature that income comparisons to others help determine subjective well-being, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox. The variety of results in this domain have produced some scepticism regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from an original Internet survey in Japan to compare the relative-income results from happiness regressions to those from hypothetical-choice experiments. This kind of validation of experienced utility via direct comparison with decision utility remains rare in this literature.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
When experienced and decision utility concur: The case of income comparisons
|
Résumé |
en
While there is now something of a consensus in the economics of happiness literature that income comparisons to others help determine subjective well-being, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox. The variety of results in this domain have produced some scepticism regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from an original Internet survey in Japan to compare the relative-income results from happiness regressions to those from hypothetical-choice experiments. This kind of validation of experienced utility via direct comparison with decision utility remains rare in this literature.
|
Auteur(s) |
Andrew E. Clark
1, 2
, Claudia Senik
1, 2, 3
, Katsunori Yamada
4
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
3
UP4 -
Université Paris-Sorbonne
( 123821 )
- 1 rue Victor Cousin - 75005 Paris
- France
4
Kindai University
( 521478 )
- 3-4-1 Kowakae, Higashiosaka City, Osaka 577-8502, Japan
- Japon
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2017-10
|
Volume |
70
|
Page/Identifiant |
1-9
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Mots-clés |
en
Satisfaction, Income comparisons, Reference-group income, Discrete-choice experiments
|
DOI | 10.1016/j.socec.2017.07.002 |
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