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 (SOEP), 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: IZA Discussion Papers ; No. 1351
Klassifikation
Wirtschaft
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
General Welfare; Well-Being
Thema
relative deprivation
satisfaction
subjective well-being
SOEP
Lebensqualität
Einkommensverteilung
Schätzung
Deutschland
satisfaction
subjective well-being
SOEP
Lebensqualität
Einkommensverteilung
Schätzung
Deutschland
Ereignis
Geistige Schöpfung
(wer)
D'Ambrosio, Conchita
Frick, Joachim R.
Frick, Joachim R.
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2004
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- D'Ambrosio, Conchita
- Frick, Joachim R.
- Institute for the Study of Labor (IZA)
Entstanden
- 2004
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