Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51324 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorFitzRoy, Felixen
dc.contributor.authorSteinhardt, Max Friedrichen
dc.contributor.authorNolan, Michaelen
dc.date.accessioned2011-07-21-
dc.date.accessioned2011-11-15T14:26:51Z-
dc.date.available2011-11-15T14:26:51Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/51324-
dc.description.abstractWe first confirm previous results with the German Socio-economic Panel, and obtain strong negative effects of comparison income. However, when we split the sample by age, we find quite different results for reference income. The effects on life-satisfaction are positive and significant for those under 46, consistent with Hirschman's (1973) tunnel effect and only negative (and larger than in the full sample) for those over 46, when relative deprivation dominates. Thus for young respondents, reference income's signalling role, indicating potential future prospects, can outweigh relative deprivation effects. Own-income effects are also larger for the older sample, and of greater magnitude than the comparison income effect. In East Germany the reference income effects are insignificant for all age groups.en
dc.language.isoengen
dc.publisher|aHamburgisches WeltWirtschaftsInstitut (HWWI) |cHamburgen
dc.relation.ispartofseries|aHWWI Research Paper |x110en
dc.subject.ddc330en
dc.subject.stwZufriedenheiten
dc.subject.stwEinkommensverteilungen
dc.subject.stwAltersgruppeen
dc.subject.stwSoziale Schichten
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleAge, life-satisfaction, and relative income-
dc.typeWorking Paperen
dc.identifier.ppn664574599en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwirp:110en

Files in This Item:
File
Size
206.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.