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dc.contributor.authorFerrer-i-Carbonell, Adaen
dc.contributor.authorvan Praag, Bernard M. S.en
dc.date.accessioned2009-01-28T16:11:35Z-
dc.date.available2009-01-28T16:11:35Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/20097-
dc.description.abstractIn this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to an Income Satisfaction question posed in the German Socio-Economic Panel (GSOEP). Income satisfaction is the subjective analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a method to decompose Income Satisfaction Inequality according to the contributions from variables such as income, education, and the number of children. Given the panel structure of the data, inequality may be attributed partly to permanent individual circumstances and partly to transitory changes. The paper shows that by far the largest part of the satisfaction inequality has to be ascribed to unobserved heterogeneity. Distinguishing between a structural and an unexplained part of inequality we find that income explains the largest part of structural Income Satisfaction Inequality together with household membership;for non-working individuals, the age distribution is very relevant as well.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x854en
dc.subject.jelI32en
dc.subject.jelD63en
dc.subject.ddc330en
dc.subject.keywordequivalent incomeen
dc.subject.keywordfinancial satisfactionen
dc.subject.keywordincome satisfactionen
dc.subject.keywordincome inequalityen
dc.subject.keywordvariance decompositionen
dc.subject.stwEinkommensverteilungen
dc.subject.stwLebensqualitäten
dc.subject.stwVarianzanalyseen
dc.subject.stwSchätzungen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleIncome Satisfaction Inequality and its Causes-
dc.typeWorking Paperen
dc.identifier.ppn368840514en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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