Arbeitspapier
Relative status and satisfaction
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to be ifluenced by their children's income rank.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 0816
- Classification
-
Wirtschaft
Externalities
General Welfare; Well-Being
- Subject
-
happiness
income norm
subjective well-being
Lohnniveau
Sozialer Status
Jugendliche
Vergleich
Eltern
Zufriedenheit
Lebensqualität
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Boes, Stefan
Staub, Kevin E.
Winkelmann, Rainer
- Event
-
Veröffentlichung
- (who)
-
University of Zurich, Socioeconomic Institute
- (where)
-
Zurich
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:47 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Boes, Stefan
- Staub, Kevin E.
- Winkelmann, Rainer
- University of Zurich, Socioeconomic Institute
Time of origin
- 2008
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