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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...
Persistent link: https://www.econbiz.de/10010294938
·Economic Panel (SOEP). According to Sen's (1976) recommendation for the poverty measurement, we first define different thresholds …
Persistent link: https://www.econbiz.de/10010334240
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...
Persistent link: https://www.econbiz.de/10011600651
Economic disruption in East Germany at the time of unification resulted in a noticeable drop in life satisfaction. By the late 1990s East Germany's life satisfaction had recovered to about its 1990 level, and its shortfall relative to West Germany was slightly less than that before unification....
Persistent link: https://www.econbiz.de/10011600741
definition of the aggregation unit and by controlling its effect on distribution and inequality analysis. We find empirical …
Persistent link: https://www.econbiz.de/10011600761
Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is "Yes". We...
Persistent link: https://www.econbiz.de/10011600854
Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...
Persistent link: https://www.econbiz.de/10011600858
We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based … per cent in 1992 to 22 per cent in 2002, rising again to 26 per cent in 2007. Hence some convergence took place in nominal …
Persistent link: https://www.econbiz.de/10011600872
alternative private investments, our results indicate that they donot coincide in their impacts on income inequality and poverty … inequality and relative poverty, very much driven by the increasing share of outright ownership among the elderly. On the other …-occupied housing) have become increasingly important sources of economic inequality in Germany over the last two decades. Whereas the …
Persistent link: https://www.econbiz.de/10011600897
Closely following recent innovations in the literature on the multidimensional measurement of poverty, this paper …
Persistent link: https://www.econbiz.de/10011600937