Happiness Adaptation to Income and to Status in an Individual Panel
NBER Working Paper No. 13159
---- Acknowledgements ----
For generous comments and ideas, we thank Andrew Oswald, as well as Daniel Kahneman (who suggested the loss aversion tests), Bo Honore, Bill Simpson, Sebastian Galiani, Angus Deaton, Julio Rotemberg, Matthew Weinzierl and seminar participants at Harvard Business School, the Brookings/Warwick Conference on Happiness in June 5-6 2003 and that on Behavioral Economics organized by Federal Reserve Bank of Boston also in June 2003. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.