Neighbors as Negatives: Relative Earnings and Well-Being

This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position and does lagging behind the Joneses' diminish well-being? To answer this question, I match individual-level panel data containing a number of

本研究旨在探究当周遭他人收入更高时，个体是否会感到自身福祉更差。换言之，人们是否会在意相对社会地位，而落后于琼斯一家（the Joneses，泛指同辈邻里）是否会损害个体的幸福感？为解答这一问题，本研究匹配了包含多项内容的个体层面面板数据。