Individual Wellbeing in a Dynamic Perspective

被引:85
作者
D'Ambrosio, Conchita [1 ,2 ,3 ,4 ]
Frick, Joachim R. [3 ,5 ,6 ]
机构
[1] Univ Bocconi, Milan, Italy
[2] Univ Milano Bicocca, Milan, Italy
[3] DIW Berlin, Berlin, Germany
[4] Econpubblica, Milan, Italy
[5] TU Berlin, Berlin, Germany
[6] IZA Bonn, Bonn, Germany
关键词
fd; RELATIVE DEPRIVATION; HABIT FORMATION; INCOME; SATISFACTION; HAPPINESS; EXPLANATION; CONSUMERS; TAXATION; PANEL;
D O I
10.1111/j.1468-0335.2011.00896.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We explore the determinants of individual wellbeing as measured by self-reported levels of satisfaction with income and life. Making use of the German Socio-Economic Panel, we provide empirical evidence for wellbeing depending on absolute and relative income levels in a dynamic framework where status and signal effects play a role. This finding holds after controlling for other factors in a multivariate setting. The main novelty is the consideration of dynamic aspects: the individual's own history and the relative income performance with respect to other society members play major roles in the assessment of individual wellbeing.
引用
收藏
页码:284 / 302
页数:19
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