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Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Working Paper No. 0816
Verlag: 
University of Zurich, Socioeconomic Institute, Zurich
Zusammenfassung: 
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.
Schlagwörter: 
happiness
income norm
subjective well-being
JEL: 
D62
I31
Dokumentart: 
Working Paper

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