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dc.contributor.authorClark, Andrew E.en_US
dc.contributor.authorKristensen, Nicolaien_US
dc.contributor.authorWestergård-Nielsen, Niels Christianen_US
dc.description.abstractWe contribute to the literature on well-being and comparisons by appealing to new Danish data dividing the country up into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these neighbourhoods. This income information is matched to demographic and economic satisfaction variables from eight years of Danish ECHP data. Panel regression analysis shows that, conditional on own household income, respondents report higher satisfaction levels when their neighbours are richer. However, individuals are rank-sensitive: conditional on own income and neighbourhood median income, respondents are more satisfied as their percentile neighbourhood ranking improves. A ten percentage point rise in rank (i.e. from 40th to 20th position in a 200-household cell) is worth 0.11 on a one to six scale, which is a large marginal effect in satisfaction terms.en_US
dc.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3813en_US
dc.subject.keywordincome comparisonsen_US
dc.subject.keywordgeo-coded dataen_US
dc.subject.stwInterpersoneller Nutzenvergleichen_US
dc.titleEconomic satisfaction and income rank in small neighbourhoodsen_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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