Reference : Individual Well-Being in a Dynamic Perspective
Scientific journals : Article
Business & economic sciences : Social economics
Individual Well-Being in a Dynamic Perspective
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) >]
Frick, Joachim [DIW Berlin, Berlin, Germany]
Blackwell Publishing
Yes (verified by ORBilu)
United Kingdom
[en] Deprivation ; Satisfaction ; SOEP
[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.

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