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Institute of Social and Economic Research Discussion Papers.866

The Joneses in Japan : Income Comparisons and Financial Satisfaction

The Institute of Social and Economic Research, Osaka University

英語

2013-03

http://hdl.handle.net/11094/24923

This paper uses Japanese data which includes measures of self-declared satisfaction, reference-group income, and the direction and intensity of income comparisons. Relative to Europeans, the Japanese compare more to friends and less to colleagues, and compare their incomes more. The relationship between satisfaction and others' income is negative, and more negative for those who report greater income comparison intensity. A self-reported measure of others' income does better than cell-mean income in explaining satisfaction, and would arguably make a useful addition to many existing surveys.

The Joneses in Japan : Income Comparisons and Financial Satisfaction

The Institute of Social and Economic Research, Osaka University

英語

2013-03

Institute of Social and Economic Research Discussion Papers

866

http://hdl.handle.net/11094/24923