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dc.contributor.authorClark, Andrew E.en_US
dc.contributor.authorEtilé, Fabriceen_US
dc.contributor.authorPostel-Vinay, Fabienen_US
dc.contributor.authorSenik, Claudiaen_US
dc.contributor.authorvan der Straeten, Karineen_US
dc.date.accessioned2009-01-28T16:15:22Z-
dc.date.available2009-01-28T16:15:22Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20608-
dc.description.abstractThis paper models the relationship between income and reported well-being using latent class techniques applied to panel data from twelve European countries. Introducing both intercept and slope heterogeneity into this relationship, we strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual characteristics and country of residence are strong predictors of the four classes we identify. We expect that differences in the marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 1339en_US
dc.subject.jelC23en_US
dc.subject.jelI30en_US
dc.subject.jelC14en_US
dc.subject.ddc330en_US
dc.subject.keywordincomeen_US
dc.subject.keywordutilityen_US
dc.subject.keywordwell-beingen_US
dc.subject.keywordheterogeneityen_US
dc.subject.keywordlatent classen_US
dc.subject.stwEinkommenen_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwInterpersoneller Nutzenvergleichen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Staatenen_US
dc.titleHeterogeneity in Reported Well-Being : Evidence from Twelve European Countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn474215784en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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