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dc.contributor.authorFitzRoy, Felixen_US
dc.contributor.authorSteinhardt, Max Friedrichen_US
dc.contributor.authorNolan, Michaelen_US
dc.date.accessioned2011-07-21en_US
dc.date.accessioned2011-11-15T14:26:51Z-
dc.date.available2011-11-15T14:26:51Z-
dc.date.issued2011en_US
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_US
dc.language.isoengen_US
dc.publisherHWWI Institute of International Economics Hamburgen_US
dc.relation.ispartofseriesHWWI research paper 110en_US
dc.subject.ddc330en_US
dc.subject.stwZufriedenheiten_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwAltersgruppeen_US
dc.subject.stwSoziale Schichten_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwDeutschlanden_US
dc.titleAge, life-satisfaction, and relative incomeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn664574599en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:hwwirp:110-
Appears in Collections:HWWI Research Papers, Hamburgisches WeltWirtschaftsInstitut

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