Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/107646 
Year of Publication: 
2014
Series/Report no.: 
Diskussionsbeitrag No. 539
Publisher: 
Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, Hannover
Abstract: 
This paper analyzes whether individuals have equal opportunity to achieve happiness (or well- being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find high sibling correlations for all measures of well-being. The results suggest that family background explains, on average, between 30% and 60% of the inequality in permanent well-being. The influence is smaller when the siblings' psychological and geographical distance from their parental home is larger. Results from intergenerational correlations suggest that parental characteristics are considerably less important than family and community factors.
Subjects: 
subjective well-being
family background
intergenerational mobility
siblings
JEL: 
D3
I31
J62
Document Type: 
Working Paper

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