Individual well-being in a dynamic perspective
By: by Conchita D'Ambrosio, Joachim R. Frick.
Contributors: Frick, Joachim R.
Series: Discussion paper -- no. 2618; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2618
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Job satisfaction -- Germany.; Income -- Germany.
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: 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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 4/25/2007.

Includes bibliographical references.

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