Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76124
Authors: 
Boes, Stefan
Staub, Kevin E.
Winkelmann, Rainer
Year of Publication: 
2008
Series/Report no.: 
Working Paper, Socioeconomic Institute, University of Zurich 0816
Abstract: 
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to be ifluenced by their children's income rank.
Subjects: 
happiness
income norm
subjective well-being
JEL: 
D62
I31
Document Type: 
Working Paper

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