Arbeitspapier
Subjective Well-Being and Relative Deprivation: an Empirical Link
This paper explores the relationship between two well-established concepts of measuring individual well-being: the concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i.e. the gaps between the individual?s income and the incomes of all individuals richer/poorer than him. Operationalizing both concepts using micro panel data from the German Socio-Economic Panel, we provide empirical evidence for subjective well-being depending more on relative satisfaction than on absolute levels of income. This finding holds even after controlling for other influential factors in a multivariate setting.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 449
Klassifikation
Wirtschaft
General Welfare; Well-Being
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
General Welfare; Well-Being
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Thema
Relative Deprivation
Satisfaction
SubjectiveWell-Being
SOEP
Satisfaction
SubjectiveWell-Being
SOEP
Ereignis
Geistige Schöpfung
(wer)
D'Ambrosio, Conchita
Frick, Joachim R.
Frick, Joachim R.
Ereignis
Veröffentlichung
(wer)
Deutsches Institut für Wirtschaftsforschung (DIW)
(wo)
Berlin
(wann)
2004
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- D'Ambrosio, Conchita
- Frick, Joachim R.
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2004
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