Community, Comparisons and Subjective Well-being in a Divided Society
Working Paper
2005-07
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University of Cape Town
Development Policy Research Unit
University of Cape Town
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Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 05/095
Abstract
Using a South African data set, the paper poses six questions about the determinants of subjective well-being. Much of the paper is concerned with the role of relative concepts. We find that comparator income – measured as average income of others in the local residential cluster – enters the household’s utility function positively but that income of more distant others (others in the district or province) enters negatively.
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Reference:
Kingdon, G., Knight, J. 2005-07. Community, Comparisons and Subjective Well-being in a Divided Society. Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 05/095. University of Cape Town.