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 income in a dynamic framework. This finding holds after controlling for other … individual’s own history as well as the relative income performance with respect to the others living in the society under …

estimation and inference. Using these methods and data from the British Household Panel Survey, we study individual income growth …Assessments of whose income growth is the greatest and whose is the smallest are typically based on comparisons of … income changes for income groups (e.g. rich versus poor) or income values (e.g. quantiles). However, income group and …