This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income as well as with life in general. Making full use of the panel nature of the representative microdata from the German Socio-Economic Panel Study (SOEP), we provide empirical evidence for well-being depending on absolute and on relative levels of income in a dynamic framework where both status and signal effects play a role. This finding holds after controlling for other influential factors in a multivariate setting. The main novelty of the paper is the consideration of dynamic aspects: the individual's own history as well as the relative income performance with respect to the others living in the society under analysis do play a major role in the assessment of individual well-being.

D'Ambrosio, C., Frick, J. (2012). Individual Well-Being in a Dynamic Perspective. ECONOMICA, 79(314), 284-302 [10.1111/j.1468-0335.2011.00896.x].

Individual Well-Being in a Dynamic Perspective

D'AMBROSIO, CONCHITA;
2012

Abstract

This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income as well as with life in general. Making full use of the panel nature of the representative microdata from the German Socio-Economic Panel Study (SOEP), we provide empirical evidence for well-being depending on absolute and on relative levels of income in a dynamic framework where both status and signal effects play a role. This finding holds after controlling for other influential factors in a multivariate setting. The main novelty of the paper is the consideration of dynamic aspects: the individual's own history as well as the relative income performance with respect to the others living in the society under analysis do play a major role in the assessment of individual well-being.
Articolo in rivista - Articolo scientifico
Well-Being, Satisfaction, SOEP
English
2012
79
314
284
302
none
D'Ambrosio, C., Frick, J. (2012). Individual Well-Being in a Dynamic Perspective. ECONOMICA, 79(314), 284-302 [10.1111/j.1468-0335.2011.00896.x].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/21464
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