Abstract Subjective Financial Well‐being (FWB) research has gained considerable interest
from both academics and practitioners recently. This research area focuses on the …

Individual perceptions of (income or wealth) inequality have strong effects on their decisions
as economic agents or voters. It is therefore important to know more about the relation …

Finance for Normal People teaches behavioral finance to people like you and me-normal
people, neither rational nor irrational. We are consumers, savers, investors, and managers …

This chapter discusses the concepts of consumer financial capability and financial wellbeing
and their relationship based on the research literature. Consumer financial capability refers …

This paper investigates the influence of political regimes on the relative importance of
conspicuous consumption. We use the division of Germany into the communist GDR and the …

Empirical evidence supports the hypothesis that an individual's position in an income
stratum—more than the absolute income level—determines subjective well-being. However …

We provide direct evidence on the relationship between social status and personality traits.
Using survey data from the 2006–2012 waves of the US Health and Retirement Study, we …

People use social comparisons to reduce uncertainty when facing new or stressful
situations. This study explores how a stressful experience, the COVID-19 pandemic …

Social comparison is an important issue in the context of subjective well-being. Subjective
well-being, including satisfaction with pay, is not only affected by individual salary but also …

While there is now something of a consensus in the economics of happiness literature that
income comparisons to others help determine subjective well-being, debate continues over …