Relationship between Income and Subjective Economic Well-Being: Absolute or Relative?
The article considers the role of the absolute and relative income in determining the subjective economic well-being. It is shown that the relationship of the income to SEB is curvilinear with the increase of marginal utility for a higher income. At low income levels its effect on SEB is determined...
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Peoples' Friendship University of Russia (RUDN University),
2012-09-01T00:00:00Z.
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A1234.567 |
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