References of "Jäntti, Markus"
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See detailMoney and Happiness: Income, Wealth and Subjective Well-being
D'Ambrosio, Conchita UL; Lepinteur, Anthony UL; Jäntti, Markus

in Social Indicators Research (2020), 148

We examine the complex relationship between money and happiness. We find that both permanent income and wealth are better predictors of life satisfaction than current income and wealth. They matter not ... [more ▼]

We examine the complex relationship between money and happiness. We find that both permanent income and wealth are better predictors of life satisfaction than current income and wealth. They matter not only in absolute terms but also in comparative terms. However, their relative impacts differ. The first exerts a comparison effect – the higher the permanent income of the reference group, the lower life satisfaction – the second exerts an information effect – the higher the permanent wealth of the reference group, the higher life satisfaction. We also show that negative transitory shocks to income reduce life satisfaction while transitory shocks to wealth have no effect. Lastly, we analyse the effects of their components and find that not all of them predict life satisfaction: permanent taxes do not matter, while only the value of permanent real estate, financial and business assets do. Finally, we use quantile regression and analyse to what extent our results vary along the well-being distribution, finding the impacts to be larger at lower levels of life satisfaction. [less ▲]

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See detailModeling the Joint Distribution of Income and Wealth
Jäntti, Markus; Sierminska, Eva M.; Van Kerm, Philippe UL

in Garner, Thesia; Short, Kathleen (Eds.) Measurement of Poverty, Deprivation, and Economic Mobility (2015)

This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze income and wealth inequality in five OECD countries using comparable household-level ... [more ▼]

This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence parameter between the two variables and study whether accounting for wealth and income jointly reveals a different pattern of social inequality than the traditional “income only” approach. We find that cross-country variations in the dependence parameter effectively account only for a small fraction of cross-country differences in a bivariate measure of inequality. The index appears primarily driven by differences in inequality in the wealth distribution. [less ▲]

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See detailThe joint distribution of income and wealth
Jäntti, Markus; Sierminska, Eva M.; Van Kerm, Philippe UL

in Gornick, Janet; Jäntti, Markus (Eds.) Economic Inequality in Cross-National Perspective (2013)

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See detailSatisfaction with Life and Economic Well-Being: Evidence from Germany
D'Ambrosio, Conchita UL; Frick, Joachim; Jäntti, Markus

in Schmollers Jahrbuch (2009), 129

The relationship between an individual's economic well-being and satisfaction with own life has been the focus of many studies both within and across countries, in one period of time and over time. As a ... [more ▼]

The relationship between an individual's economic well-being and satisfaction with own life has been the focus of many studies both within and across countries, in one period of time and over time. As a proxy of economic well-being household income both adjusted and unadjusted for household needs has been generally used. The aim of the present paper is to propose a more comprehensive measure of well-being considering the role that wealth and permanent income play in simultaneously determining satisfaction with life. The results, based on representative microdata from the German Socio-Economic Panel Study (SOEP), suggest that both income and wealth increase satisfaction, that long-run income is more appropriate than short-term income and that satisfaction with life is particularly high for those who are at the top of both the income and wealth distributions. [less ▲]

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