Four Decades of the Economics of Happiness: Where Next? - Clark - 2018 - Review of Income
and Wealth - Wiley Online Library Skip to Article Content Skip to Article Information Wiley Online …

How does the income of others affect my own welfare? This survey of the empirical literature
stresses the contribution of subjective data to the understanding of this issue, with an attempt …

There are fewer people living in extreme poverty in the world today than 30 years ago. While
that is an achievement, continuing progress for poor people is far from assured. Inequalities …

Much experimental evidence indicates that choice depends on the status quo or reference
level: changes of reference point often lead to reversals of preference. We present a …

In recent years, there has been a steadily increasing interest on the part of economists in
happiness research. We argue that reported subjective well-being is a satisfactory empirical …

This paper attempts to test the hypothesis that utility depends on income relative to a
'comparison'or reference level. Using data on 5,000 British workers, it provides two findings …

The well-known Easterlin paradox points out that average happiness has remained constant
over time despite sharp rises in GNP per head. At the same time, a micro literature has …

This paper presents an empirical analysis of the importance of 'comparison income'for
individual well-being or happiness. In other words, the influence of the income of a reference …

Does money buy happiness, or does happiness come indirectly from the higher rank in
society that money brings? We tested a rank-income hypothesis, according to which people …

This paper investigates whether individuals feel worse off when others around them earn
more. In other words, do people care about relative position, and does “lagging behind the …