concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i …-being dependingmore on relative satisfaction than on absolute levels of income. This finding holds even after controlling for other ….e. the gaps between the individual's income and the incomes of all individuals richer/poorer than him. Operationalizing both …

, with the predicted probability that a person is contented with his/her household income diminishing by 9.7 percentage … points. We calculate a compensating income variation of approximately one-third. That is, an increase in postgovernment … household income of more than 30% is needed to compensate for the rather drastic decline in well-being. The reasons for the …

This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with … income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well …-being depending on absolute and on relative levels of income in a dynamic framework. This finding holds after controlling for other …

. Next, we explain domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We …

Using life satisfaction as a direct measure of individual utility has become popular in the empirical economic … satisfaction a volatile concept that is affected by minor changes in life circumstances? Or is it a reliable measure of personal … satisfaction. I use longitudinal data from the German Socio-Economic Panel Study and especially information collected on a monthly …

shows a common, quite similar, age-specific pattern of life satisfaction for both Britain and Germany that can be … characterized by three age stages. In the first stage, life satisfaction declines until approximately the fifth life decade. In the …

This paper uses a set of panel data from happiness surveys, jointly with data on per capita income and pollution, to …

involuntary familyrelated non-participation and part-time employment on mothers' life satisfaction. Controlling for unobserved … costs) are significantly negative. Compensating income variations reveal that the residual household income would have to be …

consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … wealth held in the form of housing (i.e., when stock and housing assets are substitutes), then they will temporarily reduce …