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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18301| Title: | Subjective Well-Being and Relative Deprivation: an Empirical Link |
| Keywords: | I31 D31 D63 ddc:330 Relative Deprivation Satisfaction SubjectiveWell-Being SOEP |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | This paper explores the relationship between two well-established concepts of measuring individual well-being: the concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i.e. the gaps between the individual?s income and the incomes of all individuals richer/poorer than him. Operationalizing both concepts using micro panel data from the German Socio-Economic Panel, we provide empirical evidence for subjective well-being depending more on relative satisfaction than on absolute levels of income. This finding holds even after controlling for other influential factors in a multivariate setting. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18301 |
| Other Identifiers: | http://hdl.handle.net/10419/18301 ppn:470837020 |
| Appears in Collections: | EconStor |
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