Ambition and Jealousy: Income Interactions in the ‘Old’ Europe Versus the ‘New’ Europe and the United States

19 Pages Posted: 17 Jul 2008

See all articles by Claudia Senik

Claudia Senik

Paris School of Economics (PSE)

Abstract

Using individual-level data from a large number of countries, this paper examines how self-reported subjective well-being depends on own income and reference income, where reference income is defined as the income of one's professional peers. It uncovers a divide between ‘old’—low-mobility—European countries on the one hand, and ‘new’ European post-Transition countries and the United States on the other. The relative importance of comparisons (‘jealousy’) versus information (‘ambition’) seems to depend on the degree of mobility and uncertainty in the considered countries.

Suggested Citation

Senik, Claudia, Ambition and Jealousy: Income Interactions in the ‘Old’ Europe Versus the ‘New’ Europe and the United States. Economica, Vol. 75, Issue 299, pp. 495-513, August 2008, Available at SSRN: https://ssrn.com/abstract=1161929 or http://dx.doi.org/10.1111/j.1468-0335.2007.00629.x

Claudia Senik (Contact Author)

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

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