People exhibit distinct preferences for relative versus absolute income gains
Empirical studies confirm that individuals are sensitive to both absolute and relative income measures, evaluating their well-being based on how their earnings compare to others as well as their own absolute purchasing power.
The claim is specific and testable regarding economic and psychological preferences for income types. Both provided papers explicitly analyze and contrast the roles of absolute versus relative income in human well-being (health and happiness).
Xiaodong Cui, Ching-Ter Chang. How Income Influences Health: Decomposition Based on Absolute Income and Relative Income Effects. 2021. https://doi.org/10.3390/ijerph182010738
This study decomposes income into absolute and relative components to examine their distinct impacts on health outcomes.
See more details
Richard J. Ball, Kateryna Chernova. Absolute Income, Relative Income, and Happiness. 2005. https://doi.org/10.2139/ssrn.724501
This paper investigates how both absolute and relative income levels independently correlate with individual self-reported happiness.
The paper trail · every fact has a biography
Challenge the receipt
Citation formatting by citeproc-js (Frank Bennett) and the Citation Style Language project. Source and licenses.
Terms · Privacy · How verdicts work · Dispute this receipt