TR
EN
Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey
Öz
Standard economic theory has long assumed that individual well-being and happiness are determined solely by income levels. However, insights from behavioral approaches in economics demonstrate that individual happiness is also shaped by relative comparisons, past experiences, and expectations about the future. Building on this perspective, the present study examined the relationship between income, social comparisons, and happiness in Türkiye using data from the 2024 Life Satisfaction Survey. To capture both absolute and relative positions, factors were grouped into four categories, and a novel social comparison indicator, termed “lifestyle comparison,” was developed using principal component analysis. The effects of these factors on happiness were estimated through a generalized ordered logit model. The findings suggest that relative position exerts an influence on happiness comparable to that of absolute income. Distinct from much of the existing literature, the external comparison variable “lifestyle comparison” indicates that individuals’ attention to the living standards of others significantly affects their happiness. In addition, both future economic expectations and economic changes experienced over the past year were found to play a role in shaping well-being. Overall, the study highlights that economic indicators in Türkiye influence happiness not only through objective income levels but also via subjective perceptions and social comparisons.
Anahtar Kelimeler
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
Davranışsal İktisat, Refah Ekonomisi
Bölüm
Araştırma Makalesi
Yazarlar
Yayımlanma Tarihi
31 Aralık 2025
Gönderilme Tarihi
21 Haziran 2025
Kabul Tarihi
17 Eylül 2025
Yayımlandığı Sayı
Yıl 2025 Cilt: 10 Sayı: 4
APA
Altun Erdoğdu, K. (2025). Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey. Ekonomi Politika ve Finans Araştırmaları Dergisi, 10(4), 1471-1494. https://doi.org/10.30784/epfad.1724446
AMA
1.Altun Erdoğdu K. Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey. EPF Journal. 2025;10(4):1471-1494. doi:10.30784/epfad.1724446
Chicago
Altun Erdoğdu, Keziban. 2025. “Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 (4): 1471-94. https://doi.org/10.30784/epfad.1724446.
EndNote
Altun Erdoğdu K (01 Aralık 2025) Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 4 1471–1494.
IEEE
[1]K. Altun Erdoğdu, “Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey”, EPF Journal, c. 10, sy 4, ss. 1471–1494, Ara. 2025, doi: 10.30784/epfad.1724446.
ISNAD
Altun Erdoğdu, Keziban. “Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10/4 (01 Aralık 2025): 1471-1494. https://doi.org/10.30784/epfad.1724446.
JAMA
1.Altun Erdoğdu K. Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey. EPF Journal. 2025;10:1471–1494.
MLA
Altun Erdoğdu, Keziban. “Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey”. Ekonomi Politika ve Finans Araştırmaları Dergisi, c. 10, sy 4, Aralık 2025, ss. 1471-94, doi:10.30784/epfad.1724446.
Vancouver
1.Keziban Altun Erdoğdu. Income, Social Comparisons and Happiness in Türkiye: Findings from 2024 Life Satisfaction Survey. EPF Journal. 01 Aralık 2025;10(4):1471-94. doi:10.30784/epfad.1724446