Year: 2009
Author: D'Ambrosio, Conchita, Frick, Joachim R., Jäntti, Markus
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 129 (2009), Iss. 2 : pp. 283–295
Abstract
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.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/schm.129.2.283
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 129 (2009), Iss. 2 : pp. 283–295
Published online: 2009-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 13
Author Details
-
Wealth(s) and Subjective Well-Being
Wealth Trends in the United States During the Great Recession and Recovery, 2001–2016
Wolff, Edward N.
2019
https://doi.org/10.1007/978-3-030-05535-6_22 [Citations: 0] -
Multidimensional Measurement of Richness: Theory and an Application to Germany
Peichl, Andreas | Pestel, NicoSSRN Electronic Journal, Vol. (2010), Iss.
https://doi.org/10.2139/ssrn.1597129 [Citations: 5] -
Zur Entwicklung der Vermögensungleichheit in Deutschland
Frick, Joachim R. | Grabka, Markus M.Berliner Journal für Soziologie, Vol. 19 (2009), Iss. 4 P.577
https://doi.org/10.1007/s11609-009-0112-1 [Citations: 27] -
Money and Happiness: Income, Wealth and Subjective Well-Being
D’Ambrosio, Conchita | Jäntti, Markus | Lepinteur, AnthonySocial Indicators Research, Vol. 148 (2020), Iss. 1 P.47
https://doi.org/10.1007/s11205-019-02186-w [Citations: 42] -
Estimation of Joint Income? Wealth Poverty: A Sensitivity Analysis
Kuypers, Sarah | Marx, IveSSRN Electronic Journal, Vol. (2016), Iss.
https://doi.org/10.2139/ssrn.2879798 [Citations: 0] -
A STUDY ON GOVERNANCE AND DEVELOPMENT IN BODOLAND TERRITORIAL AREA DISTRICTS OF ASSAM IN INDIA
Basumatary, Nicodim | Panda, BhagirathiHumanities & Social Sciences Reviews, Vol. 7 (2019), Iss. 6 P.206
https://doi.org/10.18510/hssr.2019.7640 [Citations: 1] -
The Relation Between Life Satisfaction and the Material Situation: A Re-Evaluation Using Alternative Measures
Christoph, Bernhard
Social Indicators Research, Vol. 98 (2010), Iss. 3 P.475
https://doi.org/10.1007/s11205-009-9552-4 [Citations: 51] -
Beyond Income: The Importance for Life Satisfaction of Having Access to a Cash Margin
Berlin, Martin | Kaunitz, NiklasJournal of Happiness Studies, Vol. 16 (2015), Iss. 6 P.1557
https://doi.org/10.1007/s10902-014-9575-7 [Citations: 7] -
Wealth(s) and Subjective Well-Being
Wealth and Partial Wealth
Krause, Peter
2019
https://doi.org/10.1007/978-3-030-05535-6_5 [Citations: 0] -
Living in the Shadow of the Past: Financial Profiles and Well‐Being*
Clark, Andrew E. | D'Ambrosio, Conchita | Zhu, RongThe Scandinavian Journal of Economics, Vol. 123 (2021), Iss. 3 P.910
https://doi.org/10.1111/sjoe.12426 [Citations: 5] -
Poverty in the EU using augmented measures of financial resources: The role of assets and debt
Kuypers, Sarah | Marx, IveJournal of European Social Policy, Vol. 31 (2021), Iss. 5 P.496
https://doi.org/10.1177/09589287211040421 [Citations: 6] -
Estimation of Joint Income-Wealth Poverty: A Sensitivity Analysis
Kuypers, Sarah | Marx, IveSocial Indicators Research, Vol. 136 (2018), Iss. 1 P.117
https://doi.org/10.1007/s11205-016-1529-5 [Citations: 23] -
Subjective and Objective Living Conditions of Unemployed Persons (Subjektive Und Objektive Lebenslagen Von Arbeitslosen)
Faik, Jürgen | Becker, JensSSRN Electronic Journal, Vol. (2009), Iss.
https://doi.org/10.2139/ssrn.1533379 [Citations: 1]