Working paper
Income, aspirations and the hedonic treadmill in a poor society
- Abstract:
-
A specially designed household survey for rural China is used to analyse the determinants of aspirations for income, proxied by reported minimum income need, and the determinants of subjective well-being, both satisfaction with life and satisfaction with income. It is found that aspiration income is a positive function of actual income and reference income, and that subjective well-being is raised by actual income but lowered by aspiration income. These findings suggests the existence of a ...
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- Publication status:
- Published
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Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2009-12-01
- Paper number:
- 468
Item Description
- Keywords:
- Pubs id:
-
1143364
- Local pid:
- pubs:1143364
- Deposit date:
- 2020-12-14
Terms of use
- Copyright date:
- 2009
- Rights statement:
- Copyright 2009 The Author(s)
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