Individual Well-Being in a Dynamic Perspective

Reference : Individual Well-Being in a Dynamic Perspective


	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Social economics
	To cite this reference:	http://hdl.handle.net/10993/12893

Title :	Individual Well-Being in a Dynamic Perspective
Language :	English
Author, co-author :	D'Ambrosio, Conchita [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
	Frick, Joachim [DIW Berlin, Berlin, Germany]
Publication date :	2012
Journal title :	Economica
Publisher :	Blackwell Publishing
Volume :	79
Pages :	284-302
Peer reviewed :	Yes (verified by ORBi^lu)
Audience :	International
ISSN :	0013-0427
Country :	United Kingdom
Keywords :	[en] Deprivation ; Satisfaction ; SOEP
Abstract :	[en] We explore the determinants of individual wellbeing as measured by self-reported levels of satisfaction with income and life. Making use of the German Socio-Economic Panel, we provide empirical evidence for wellbeing depending on absolute and relative income levels in a dynamic framework where status and signal effects play a role. This finding holds after controlling for other factors in a multivariate setting. The main novelty is the consideration of dynamic aspects: the individual’s own history and the relative income performance with respect to other society members play major roles in the assessment of individual wellbeing.
Permalink :	http://hdl.handle.net/10993/12893

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