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Income and happiness: New results from generalized threshold and sequential models

Boes, Stefan; Winkelmann, Rainer - 2004

Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the...

Persistent link: https://www.econbiz.de/10010315474

Relative status and satisfaction

Boes, Stefan; Staub, Kevin E.; Winkelmann, Rainer - 2008

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...

Persistent link: https://www.econbiz.de/10010315482

Hedonic adaptation to living standards and the hidden cost of parental income

Boes, Stefan; Staub, Kevin; Winkelmann, Rainer - 2007

High parental income, while undeniably causing benefits for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a child's income aspirations and thereby reduce financial satisfaction, ceteris paribus. In this paper, we...

Persistent link: https://www.econbiz.de/10010315544

Money illusion under test

Boes, Stefan; Lipp, Markus; Winkelmann, Rainer - 2005

Much progress has been made in recent years in developing and applying a direct measure of utility using survey questions on satisfaction with income and with life in general. In this paper we apply this new type of measurement to the study of money illusion. Using data from the German...

Persistent link: https://www.econbiz.de/10010315573

The measurement of time and income poverty

Zacharias, Ajit - 2011

Official poverty thresholds are based on the implicit assumption that the household with poverty-level income possesses … of the assumption and explored alternative methods to account for time deficits in the measurement of poverty. I … individual approaches. I also propose a two-dimensional, time-income poverty measure that accounts for intrahousehold disparities …

Persistent link: https://www.econbiz.de/10010286513

Net government expenditures and the economic well-being of the elderly in the United States, 1989 - 2001

Kum, Hyunsub; Wolff, Edward N.; Zacharias, Ajit - 2006

We examine the economic well-being of the elderly, using the Levy Institute Measure of Economic Well-Being (LIMEW). Compared to the conventional measures of income, the LIMEW is a comprehensive measure that incorporates broader definitions of income from wealth, government expenditures, and...

Persistent link: https://www.econbiz.de/10010266455

The Great Recession and racial inequality: Evidence from measures of economic well-being

Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017

The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...

Persistent link: https://www.econbiz.de/10011784670

The effect of income on positive and negative subjective well-being

Boes, Stefan; Winkelmann, Rainer - 2006

Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may be needed when analyzing the determinants of subjective well-being....

Persistent link: https://www.econbiz.de/10010315521