Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106595
Authors: 
Clark, Andrew E.
D'Ambrosio, Conchita
Ghislandi, Simone
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers 8656
Abstract: 
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence of adaptation within a poverty spell: poverty starts bad and stays bad in terms of subjective well-being. We cannot identify any cause of poverty entry which explains the overall lack of poverty adaptation.
Subjects: 
income
poverty
subjective well-being
adaptation
SOEP
JEL: 
I31
D60
Document Type: 
Working Paper

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