Resource title

Individual Well-Being in a Dynamic Perspective

Resource image

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Resource 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.

Resource author

Conchita D'Ambrosio, Joachim R. Frick

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18405

Resource license

Adapt according to the presented license agreement and reference the original author.