Arbeitspapier
Poverty is a public bad: Panel evidence from subjective well-being data
Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty. Using panel data for 39,239 individuals living in Germany from 2005-2013, we show that people's SWB is negatively correlated with the state-level poverty ratio while controlling for individual poverty status and poverty intensity. The negative relationship between aggregate poverty and SWB is more salient in the upper segments of the income distribution and is robust to controlling for the rate of unemployment and per capita GDP. The character of poverty as a public bad suggests that poverty alleviation is a matter not only of equity, but of efficiency.
- Sprache
-
Englisch
- Erschienen in
-
Series: Oldenburg Discussion Papers in Economics ; No. V-396-16
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Measurement and Analysis of Poverty
Welfare Economics: General
- Thema
-
poverty
poverty ratio
subjective well-being
public bad
life satisfaction
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Welsch, Heinz
Biermann, Philipp
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oldenburg, Department of Economics
- (wo)
-
Oldenburg
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Welsch, Heinz
- Biermann, Philipp
- University of Oldenburg, Department of Economics
Entstanden
- 2016
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