Comparison-concave utility and following behavior in social and economic settings

Article Abstract:

A modeling of the complex emulation behavior observed in economic agents in search of social status in their efforts showed that the deep-seated motivation to emulate social and economic success is cause for the early stages of emulation that will be consequently converted once the desired status is achieved. This is based on the comparion-concave utility model which posits the emulation behavior as a function of the psychological desire to be different by being superior.

Economics, Research and Development in the Social Sciences and Humanities, Social aspects, Research, Economic research, Consumer behavior, Motivation (Psychology)

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Satisfaction and comparison income

Article Abstract:

Previous studies have hypothesized that economic satisfaction is dependent on income relative to a reference level. To test the validity of the hypothesis, data from 5,000 British workers were analyzed in terms of levels of job satisfaction. The results showed that job satisfaction levels were negatively related to comparison wage rates. The results also revealed that, when income is constant, satisfaction levels decline based on each worker's level of education.

Psychological aspects, Job satisfaction, Income, Workers

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Well-being over time in Britain and the USA

Article Abstract:

The economics of happiness in the United States (US) and Great Britain is explored. Further, it was found that reported levels of well-being have declined in the US, and life satisfaction approximately flat through time in Britain.

United Kingdom, United States, Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, United States foreign relations

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