This publication concentrates on the complex interplay between poverty, wealth and life satisfaction. Main areas of … life are quantified in a multidimensional approach of poverty and wealth: Individual income, current health, occupational … supposed. Major findings: An initial rise in life satisfaction can improve income and health, but not job autonomy. However …

comparison income on life satisfaction with all age groups, and many controls. However when we split the West German sample by …In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can … signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from …

variations in the underlying income type substantially affect tests of the relationship between life satisfaction, income rank …Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests …, reference income, and income adaptation. Models simultaneously controlling for income and income rank as well as models with a …

Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on … whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their … relative income to be. In this paper, novel data with direct information on income comparison intensity and perceived relative …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

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 …

A series of studies have suggested that changes in others' income may be perceived differently in post-transition and …' income divide the German nation. We find that the neighbourhood income effect for West Germany is negative (which is in line … with the ‘relative income' hypothesis) and slightly more marked in neighbourhoods that may be assumed to be places where …

Work-related stress can lead to substantial health problems and thereby result in immense costs for establishments …. Therefore, the question as to what extent establishments contribute to their employees’ stress levels is of great importance for … firm performance. We investigate the relationship between personnel policies and work-related stress by considering a …

imputation strategies for German wealth panel data. The authors create simulation data sets by blanking out observed data points … indices. As for wealth mobility, two additional criteria show that a model based approach such as MICE might be the preferable …

We provide levels of, compositions of, and inequalities in household augmented wealth – defined as the sum of net worth … and pension wealth – for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between …