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countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …
Persistent link: https://www.econbiz.de/10005763522
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10009283567
income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how … important these income comparisons are to them. We find substantial gender differences, with income comparisons being much …
Persistent link: https://www.econbiz.de/10005015487
-described by four domains: job or daily activities, social contacts and family, health, and income. Among the four domains, social …. Income has the lowest impact. As in other work, we find that American response styles differ from the Dutch in that Americans … inclined to stay in the middle of the scale. Although for both Americans and the Dutch, income is the least important …
Persistent link: https://www.econbiz.de/10004969326
We link life-satisfaction data to inequality of the pre- and post-government income distribution at the regional level … an excess burden on middle-income earners. The paper uses data from the German Socio-economic Panel Study (GSOEP) from …
Persistent link: https://www.econbiz.de/10005822315
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the … attitudes towards the income distribution in a society: the normative and the comparative view. The first can be thought of as … the individual's disinterested evaluation of income inequality; on the contrary, the second view reflects self …
Persistent link: https://www.econbiz.de/10011105408
We link life-satisfaction data to inequality of the pre-government income distribution at the regional level, to … increases individual well-being. We find that Germans are inequality averse over the entire income distribution. However … excess burden on middle-income earners. The paper uses data from the German Socio-economic Panel Study (GSOEP) from 1985 to …
Persistent link: https://www.econbiz.de/10005762331
ongoing discussion of the relationship between life satisfaction and income. The panel property of the data makes it possible … to study also the impact on satisfaction from income changes as well as the impact from acceleration in income and … the survey to the next. We find a strong impact from the level of income in all countries, an impact from change and …
Persistent link: https://www.econbiz.de/10008527319
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10009294836
in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …
Persistent link: https://www.econbiz.de/10005763569