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dc.contributor.authorFerrer-i-Carbonell, Adaen_US
dc.contributor.authorvan Praag, Bernard M. S.en_US
dc.coverage.temporal1992-1997en_US
dc.date.accessioned2009-01-28T16:11:35Z-
dc.date.available2009-01-28T16:11:35Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/20097-
dc.description.abstractIn this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to an Income Satisfaction question posed in the German Socio-Economic Panel (GSOEP). Income satisfaction is the subjective analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a method to decompose Income Satisfaction Inequality according to the contributions from variables such as income, education, and the number of children. Given the panel structure of the data, inequality may be attributed partly to permanent individual circumstances and partly to transitory changes. The paper shows that by far the largest part of the satisfaction inequality has to be ascribed to unobserved heterogeneity. Distinguishing between a structural and an unexplained part of inequality we find that income explains the largest part of structural Income Satisfaction Inequality together with household membership; for non-working individuals, the age distribution is very relevant as well.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 854en_US
dc.subject.jelI32en_US
dc.subject.jelD63en_US
dc.subject.ddc330en_US
dc.subject.keywordequivalent incomeen_US
dc.subject.keywordfinancial satisfactionen_US
dc.subject.keywordincome satisfactionen_US
dc.subject.keywordincome inequalityen_US
dc.subject.keywordvariance decompositionen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwVarianzanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleIncome Satisfaction Inequality and its Causesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn368840514en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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