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http://hdl.handle.net/10419/20622
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| Title: | | Subjective Well-Being and Relative Deprivation : An Empirical Link  |
| Authors: | | D'Ambrosio, Conchita Frick, Joachim R. |
| Issue Date: | | 2004 |
| Series/Report no.: | | IZA Discussion paper series 1351 |
| 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 (SOEP), 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 subjective well-being SOEP |
| JEL: | | D31 D63 I31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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