Consumption and Happiness
Abstract
We examine the relationship between (relative) consumption and happiness using panel data for China, an important developing country. We find that consumption has a positive effect on happiness. An increase in the average consumption of those of the same age, education and gender at the community level has a positive effect on happiness, consistent with a signalling effect, while an increase in the consumption of the highest spenders in this...
Paper Details
Title
Consumption and Happiness
Published Date
Sep 20, 2017
Volume
55
Issue
1
Pages
120 - 136
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