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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18405| Title: | Individual Well-Being in a Dynamic Perspective |
| Keywords: | D31 I31 D63 ddc:330 Interdependent Preferences Inequality Aversion Status Subjective Well-Being SOEP Lebenszufriedenheit Nutzen Einkommensverteilung Soziale Mobilität Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of income in a dynamic framework. This finding holds after controlling for other influential factors in a multivariate setting. The main novelty of the paper is the consideration of dynamic aspects: the individual?s own history as well as the relative income performance with respect to the others living in the society under analysis do play a major role in the assessment of well-being. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18405 |
| Other Identifiers: | http://hdl.handle.net/10419/18405 ppn:527050261 |
| Appears in Collections: | EconStor |
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