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German SOEP micro data. Besides income as traditional indicator for material well-being, we include health as a proxy for … distribution of income has become more concentrated at the top, the concentration at the top of the multidimensional well …
Persistent link: https://www.econbiz.de/10009522999
income position, as well as a negative effect of unemployment. Differing results were found with regard to gender and marital …
Persistent link: https://www.econbiz.de/10010494190
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 …
Persistent link: https://www.econbiz.de/10010342250
The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …
Persistent link: https://www.econbiz.de/10012604148
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …
Persistent link: https://www.econbiz.de/10010423769
-Economic Panel, I test the hypothesis that material interests, proxied by the effects of individual and reference income on well … greater material interests, whereas the negative effect of income comparisons on well-being is eliminated for individuals …, since social capital moderates the importance of income for well-being on individual level, the well-being gap between …
Persistent link: https://www.econbiz.de/10011454490
This paper presents an empirical analysis of the importance of 'comparison income' for individual well-being or … happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main … novelty is that various hypotheses are tested: importance of own income, relevance of the income of the reference group and of …
Persistent link: https://www.econbiz.de/10011326410
income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study …: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction … with income is more affected by ex ante than by ex post volatility of income. The ordinal version of the Van Praag approach …
Persistent link: https://www.econbiz.de/10011634082
syndrome. Furthermore, the analysis considers the role of two key economic variables: consumption and leisure via the standard … disposable income and a gain of leisure time - and the psychological (and cultural) notion of the lonely, sad empty nester. This …
Persistent link: https://www.econbiz.de/10012429607
syndrome. Furthermore, the analysis considers the role of two key economic variables: consumption and leisure via the standard … disposable income and a gain of leisure time - and the psychological (and cultural) notion of the lonely, sad empty nester. This …
Persistent link: https://www.econbiz.de/10012430246