RT Journal Article
T1 If happiness is relative, against whom do we compare ourselves? Implications for labour supply
A1 Pérez-Asenjo, Eduardo
AB This paper addresses two important issues: the nature of the reference group to which individuals compare themselves, and the implications of social comparisons for labour supply. It identifies age as the main characteristic defining the reference group. Race, sex and religion are other relevant features in its determination. It provides micro-level evidence that social comparisons influence the hours an individual works. Specifically, if her income is lower than her reference group income, she will work more. It also shows that for males, white people and people living in rural areas the effect of relative income on both happiness and labour supply is greater.
PB Springer
SN 0933-1433
YR 2011
FD 2011-10
LK http://hdl.handle.net/10016/15313
UL http://hdl.handle.net/10016/15313
LA eng
NO The original publication is available at www.springerlink.com
DS e-Archivo
RD 28 abr. 2024