Testing the tunnel effect: comparison, age and happiness in UK and German panels

Felix R FitzRoy; Michael A Nolan; Max F Steinhardt; David Ulph

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Testing the tunnel effect: comparison, age and happiness in UK and German panels

机译：测试隧道效应：英国和德国小组的比较，年龄和幸福感

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Abstract In contrast to previous results combining all ages, we find positive effects of comparison income on happiness for the under 45s and negative effects for those over 45. In the UK, these coefficients are several times the magnitude of own income effects. In West Germany, they cancel out to give no effect of comparison income on life satisfaction in the whole sample when controlling for fixed effects, time-in-panel, and age-groupings. Pooled OLS estimation gives the usual negative comparison effect in the whole sample for both West Germany and the UK. The residual age-happiness relationship is hump-shaped in all three countries. Results are consistent with a simple life cycle model of relative income under uncertainty. Jel codes D10, I31, J10

机译：摘要与以往结合各个年龄段的结果相比，我们发现比较收入对45岁以下人群的幸福有积极影响，而对45岁以上人群的幸福有不利影响。在英国，这些系数是个人收入影响的几倍。在西德，当控制固定效应，面板停留时间和年龄分组时，他们抵消了整个收入样本中的比较收入对生活满意度没有影响。汇总的OLS估计值在整个样本中对西德和英国都具有通常的负面比较效果。在所有三个国家中，剩余的年龄与幸福关系呈驼峰状。结果与不确定性下相对收入的简单生命周期模型一致。果冻代码D10，I31，J10

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《IZA Journal of European Labor Studies》 |2014年第1期|共30页
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Felix R FitzRoy; Michael A Nolan; Max F Steinhardt; David Ulph;
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机译：测试隧道效应：英国和德国小组的比较，年龄和幸福感

Testing the tunnel effect: comparison, age and happiness in UK and German panels

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