Relationship between Income and Subjective Economic Well-Being: Absolute or Relative?

Cover Page


The article considers the role of the absolute and relative income in determining the subjective economic well-being. It is shown that the relationship of the income to SEB is curvilinear with the increase of marginal utility for a higher income. At low income levels its effect on SEB is determined not by its absolute, but by its relative value based on the comparisons with the subjective standards of well-being.

About the authors

V A Khashchenko

Russian Foundation for Humanities

Отдел конкурсных проектов по проблемамкомплексного изучения человека, психологии и педагогики; Российский гуманитарный научный фонд; Russian Foundation for Humanities




Abstract - 485

PDF (Russian) - 147


Copyright (c) 2016 Psychology and Pedagogics

This website uses cookies

You consent to our cookies if you continue to use our website.

About Cookies