D'Ambrosio, Conchita; Frick, Joachim R. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004
This paper explores the relationship between two well-established con-cepts of measuring individual well-being: the concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i.e. the gaps between the individual's income and the...