Heterogeneity in reported well-being
Subtitle: evidence from twelve European countries
By: by Andrew Clark ... [et al.].
Contributors: Clark, Andrew E.
Series: Discussion paper ;; no. 1339; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1339
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Income -- Europe.
Description: "This paper models the relationship between income and reported well-being using latent class techniques applied to panel data from twelve European countries. Introducing both intercept and slope heterogeneity into this relationship, we strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual characteristics and country of residence are strong predictors of the four classes we identify. We expect that differences in the marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/19/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.