Article (Scientific journals)
Satisfaction with Life and Economic Well-Being: Evidence from Germany
D'Ambrosio, Conchita; Frick, Joachim; Jäntti, Markus
2009In Schmollers Jahrbuch, 129, p. 283-295
Peer reviewed


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Keywords :
Life satisfaction; Well-Being; SOEP
Abstract :
[en] 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.
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
Jäntti, Markus;  Åbo Akademi University, Turku, Finland
Language :
Title :
Satisfaction with Life and Economic Well-Being: Evidence from Germany
Publication date :
Journal title :
Schmollers Jahrbuch
Publisher :
Duncker & Humblot
Volume :
Pages :
Peer reviewed :
Peer reviewed
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since 10 December 2013


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