People who believe they have a higher income than their peers are more likely to socialize. AdvertisementPeople who think they have a higher income than their peers are more likely to socialize with them, contributing to greater happiness, new research found. A February NBER working paper found that those with higher perceived relative income increased their time spent with peers. Despite some uncertainty, some evidence suggests those with a higher relative income become more engaged in sports and community events. Changes in spending following from changes in perceived relative income could also drive changes in happiness."

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Persons: —, Bernardo Candia Gonzalez, causally, they're Organizations: Service Locations: Netherlands