University of Hertfordshire

By the same authors

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Income and happiness across Europe: do reference values matter. / Caporale, G.M.; Georgellis, Y.; Tsitsianis, N.; Yin, Y.P.

University of Hertfordshire, 2006. (Business School Working Papers; Vol. UHBS 2006:9).

Research output: Working paper

Harvard

Caporale, GM, Georgellis, Y, Tsitsianis, N & Yin, YP 2006 'Income and happiness across Europe: do reference values matter' Business School Working Papers, vol. UHBS 2006:9, University of Hertfordshire.

APA

Caporale, G. M., Georgellis, Y., Tsitsianis, N., & Yin, Y. P. (2006). Income and happiness across Europe: do reference values matter. (Business School Working Papers; Vol. UHBS 2006:9). University of Hertfordshire.

Vancouver

Caporale GM, Georgellis Y, Tsitsianis N, Yin YP. Income and happiness across Europe: do reference values matter. University of Hertfordshire. 2006. (Business School Working Papers).

Author

Caporale, G.M. ; Georgellis, Y. ; Tsitsianis, N. ; Yin, Y.P. / Income and happiness across Europe: do reference values matter. University of Hertfordshire, 2006. (Business School Working Papers).

Bibtex

@techreport{bf9bf5b3d62c40bc8a6f1857198398cf,
title = "Income and happiness across Europe: do reference values matter",
abstract = "Using data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and life satisfaction, reference income exerts a negative effect on individual wellbeing. Thus our results lend support to both the absolute and relative income hypotheses. Performing separate analyses for some Eastern European countries, we also find some evidence of a tunnel effect , in that reference income has a positive--impact on subjective well-being. Our findings support the view that in environments with stable income and employment, reference income serves as a basis for social comparisons, whereas in relatively volatile environments, it is used as a source of information for forming expectations about future status.",
author = "G.M. Caporale and Y. Georgellis and N. Tsitsianis and Y.P. Yin",
year = "2006",
language = "English",
series = "Business School Working Papers",
publisher = "University of Hertfordshire",
type = "WorkingPaper",
institution = "University of Hertfordshire",

}

RIS

TY - UNPB

T1 - Income and happiness across Europe: do reference values matter

AU - Caporale, G.M.

AU - Georgellis, Y.

AU - Tsitsianis, N.

AU - Yin, Y.P.

PY - 2006

Y1 - 2006

N2 - Using data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and life satisfaction, reference income exerts a negative effect on individual wellbeing. Thus our results lend support to both the absolute and relative income hypotheses. Performing separate analyses for some Eastern European countries, we also find some evidence of a tunnel effect , in that reference income has a positive--impact on subjective well-being. Our findings support the view that in environments with stable income and employment, reference income serves as a basis for social comparisons, whereas in relatively volatile environments, it is used as a source of information for forming expectations about future status.

AB - Using data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and life satisfaction, reference income exerts a negative effect on individual wellbeing. Thus our results lend support to both the absolute and relative income hypotheses. Performing separate analyses for some Eastern European countries, we also find some evidence of a tunnel effect , in that reference income has a positive--impact on subjective well-being. Our findings support the view that in environments with stable income and employment, reference income serves as a basis for social comparisons, whereas in relatively volatile environments, it is used as a source of information for forming expectations about future status.

M3 - Working paper

T3 - Business School Working Papers

BT - Income and happiness across Europe: do reference values matter

PB - University of Hertfordshire

ER -