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When experienced and decision utility concur: The case of income comparisons

Clark, Andrew E., Senik, Claudia, Yamada, Katsunori (2017) When experienced and decision utility concur: The case of income comparisons. Journal of Behavioral and Experimental Economics, 70 . pp. 1-9. ISSN 2214-8043. (doi:10.1016/j.socec.2017.07.002) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1016/j.socec.2017.07.002

Abstract

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.

Item Type: Article
DOI/Identification number: 10.1016/j.socec.2017.07.002
Uncontrolled keywords: Discrete-choice experiments, Income comparisons, Reference-group income, Satisfaction
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School > Industrial Relations/HRM
Depositing User: Andrew Clark
Date Deposited: 21 Sep 2018 10:18 UTC
Last Modified: 15 Jul 2019 08:23 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/69187 (The current URI for this page, for reference purposes)
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