- 18+ aged, general public, 18 nations, 1995-1997
- N = 20771
- Non Response
- Interview: face-to-face
- Authors's Label
- Relative Income
- Our Classification
- Respondents were presented a card with 10 income brackets, that expressed the nations income deciles in local currency.
They self-rated their income category in answer to the question: Here is a scale of incomes. We would like to know in what group your household is, counting all wages, salaries, pensions and other incomes that come in. Just give the letter of the group your household falls into, before taxes and other deductions.
Relative income is measured as the percentile in th national income distribution.
Observed Relation with Happiness
-Interaction between absolute and relative income
-log of absolute income
No difference if controlled for country variables instead of dummies.