Income rank and life satisfaction: Examining the relationship with wealth inequality among middle-aged and older indian adults.

ABSTRACT: The relationship between income and subjective well-being (SWB) has intrigued scholars for decades. Richard Easterlin's groundbreaking research in the 1970s revealed a paradox: while higher individual incomes within countries are associated with greater happiness, this trend does not hold across countries. This paradox highlights the significance of relative income over absolute income. Subsequent research has consistently demonstrated that relative income, or one's income rank compared to others, has a more substantial impact on happiness than absolute income. Studies across various contexts have corroborated this finding, emphasizing the importance of social comparisons and status. This study investigates how wealth inequality moderates the association between income rank and life satisf

SUBMITTER: Raj T 

PROVIDER: S-EPMC11742318 | biostudies-literature | 2025 Mar

REPOSITORIES: biostudies-literature