Buy custom Money Can Buy Happiness
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I believe that Layard is on to something and people do prefer higher relative incomes versus absolute incomes. Just because rich people chose to live in upscale neighborhoods does not mean that they only compare themselves to people in this neighborhood. When considering how you measure up to others, you consider more people than just your neighbors...
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I believe that Layard is on to something and people do prefer higher relative incomes versus absolute incomes. Just because rich people chose to live in upscale neighborhoods does not mean that they only compare themselves to people in this neighborhood. When considering how you measure up to others, you consider more people than just your neighbors...
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