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Title:Subjective measures of economic well-being and the influence of income uncertainty PDF Logo
Authors:Schwarze, Johannes
Issue Date:2008
Series/Report no.:IZA discussion papers 3720
Abstract:This paper provides evidence that subjective measures of individual well being can be used to study the impact of income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction with income is more affected by ex ante than by ex post volatility of income. The ordinal version of the Van Praag approach might be biased if income uncertainty is essential. The paper was written in 1994.
Subjects:Income uncertainty
subjective well-being
satisfaction
income evaluation
JEL:C23
Persistent Identifier of the first edition:urn:nbn:de:101:1-20081014223
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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