Artikel

Don’t look up! Individual income comparisons and subjective well-being of students in Thailand

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Empirical evidence supports the hypothesis that an individual’s position in an income stratum—more than the absolute income level—determines subjective well-being. However, studies on subjective well-being suffer from a critical methodological weakness: they use exogenously defined reference groups. Our study addresses this point by applying an innovative new survey instrument. We ask respondents to identify individual reference persons for income comparisons. We find that these reference persons come from a range of social groups. Interactions between personality traits and the direction of income comparisons lead to different levels of subjective well-being. This highlights the importance of collecting information on personality traits in research on subjective well-being. We conclude that questions about self-defined individual income comparisons can be a valuable and straightforward addition to future surveys.

Language
Englisch

Bibliographic citation
Journal: Journal of Happiness Studies ; ISSN: 1573-7780 ; Volume: 24 ; Year: 2023 ; Issue: 2 ; Pages: 477-503 ; Dordrecht: Springer

Classification
Politik
Subject
subjective well-being
income comparisons
reference groups

Event
Geistige Schöpfung
(who)
Dufhues, Thomas
Möllers, Judith
Jantsch, Antje
Buchenrieder, Gertrud
Camfield, Laura
Event
Veröffentlichung
(who)
Springer
(where)
Dordrecht
(when)
2023

DOI
doi:10.1007/s10902-022-00604-4
Handle
Last update
20.09.2024, 8:22 AM CEST

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
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Object type

  • Artikel

Associated

  • Dufhues, Thomas
  • Möllers, Judith
  • Jantsch, Antje
  • Buchenrieder, Gertrud
  • Camfield, Laura
  • Springer

Time of origin

  • 2023

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