We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … previous studies applying this approach by taking reference income into account. This allows separating needs-based from … reference effects in the determination of income satisfaction. We show that this adjustment helps to overcome a bias causing an …

We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …

A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …

substantial and systematic: the poorer a country, the more its income tends to be overestimated. Consequently, international … income inequality is substantially underestimated. Our methodological contribution is to exploit the analogies between PPP …

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income … changes in the cost of living across different income levels - non-homotheticity. The TEC method gives substantially different …

maximum likelihood estimation of the parameters in the model, we use an expectation maximization algorithm based on the state …