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Title:Subjective Well-Being and Relative Deprivation: an Empirical Link PDF Logo
Authors:D'Ambrosio, Conchita
Frick, Joachim R.
Issue Date:2004
Series/Report no.:DIW-Diskussionspapiere 449
Abstract: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.
Subjects:Relative Deprivation
Satisfaction
SubjectiveWell-Being
SOEP
JEL:I31
D31
D63
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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