ERIC Number: EJ786890
Record Type: Journal
Publication Date: 2007-May
Reference Count: 0
Income Satisfaction and Relative Deprivation: An Empirical Link
D'Ambrosio, Conchita; Frick, Joachim R.
Social Indicators Research, v81 n3 p497-519 May 2007
This paper explores the relationship between two well-established concepts of measuring individual well-being: the concept of "happiness," i.e. self-reported level of satisfaction with income, and "relative deprivation," i.e. the gaps between the individual's income and the incomes of all individuals richer than him. Operationalizing both concepts using micro panel data from the German Socio-Economic Panel, we provide empirical evidence for subjective well-being depending more on relative deprivation than on absolute levels of income. This finding holds after controlling for other influential factors in a multivariate setting.
Descriptors: Life Satisfaction, Well Being, Income, Self Concept, Social Environment, Disadvantaged Environment, Self Evaluation (Individuals)
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A