Reference : Poverty Profiles and Well-Being: Panel Evidence from Germany
Scientific journals : Article
Business & economic sciences : Social economics
http://hdl.handle.net/10993/20116
Poverty Profiles and Well-Being: Panel Evidence from Germany
English
D'Ambrosio, Conchita mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Clark, Andrew mailto [PSE, CNRS]
Ghislandi, Simone mailto [Bocconi University]
2015
Research on Economic Inequality
Emerald Group Publishing Limited
23
1-22
Yes
International
1049-2585
[en] Income ; Poverty ; Subjective well-being
[en] We consider the link between poverty and subjective well-being, and focus in particular on the role of time. We use panel data on 49,000 individuals living in Germany from 1992 to 2012 to uncover three empirical relationships. First, life satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters: for a given number of years in poverty, satisfaction is lower when the years are linked together. As such, poverty persistence reduces well-being. These effects differ by population subgroups.
http://hdl.handle.net/10993/20116

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