Article (Scientific journals)
Individual Well-Being in a Dynamic Perspective
D'Ambrosio, Conchita; Frick, Joachim
2012In Economica, 79, p. 284-302
Peer reviewed
 

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Keywords :
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.
Disciplines :
Social economics
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
Language :
English
Title :
Individual Well-Being in a Dynamic Perspective
Publication date :
2012
Journal title :
Economica
ISSN :
0013-0427
Publisher :
Blackwell Publishing, United Kingdom
Volume :
79
Pages :
284-302
Peer reviewed :
Peer reviewed
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since 10 December 2013

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