1. Social comparison and subjective well-being: does the health of others matter?
- Author
-
Carrieri V
- Subjects
- Chronic Disease economics, Chronic Disease ethnology, Chronic Disease psychology, Disabled Persons education, Disabled Persons history, Disabled Persons legislation & jurisprudence, Disabled Persons psychology, Europe ethnology, History, 20th Century, History, 21st Century, Socioeconomic Factors history, Unemployment history, Unemployment psychology, Happiness, Health Policy economics, Health Policy history, Health Policy legislation & jurisprudence, Health Status, Income history, Public Health economics, Public Health education, Public Health history, Public Health legislation & jurisprudence, Social Class history
- Abstract
The importance of social comparison in shaping individual utility has been widely documented by subjective well-being literature. So far, income and unemployment have been the main dimensions considered in social comparison. This paper aims to investigate whether subjective well-being is influenced by inter-personal comparison with respect to health. Thus, we study the effects of the health of others and relative health hypotheses on two measures of subjective well-being: happiness and subjective health. Using data from the Italian Health Conditions survey, we show that a high incidence of chronic conditions and disability among reference groups negatively affects both happiness and subjective health. Such effects are stronger among people in the same condition. These results, robust to different econometric specifications and estimation techniques, suggest the presence of some sympathy in individual preferences with respect to health and reveal that other people's health status serves as a benchmark to assess one's own health condition.
- Published
- 2012
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