Individual Well-Being in a Dynamic Perspective

By Conchita D'Ambrosio, Joachim R. Frick. Social Science Research Network, 2012

151 citations recorded by the source corpus.

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.

Subfields: Health, Social Psychology, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/4d5481c601e89e33772c575a07110801c590953e

Citations in the corpus

• The Dark Side of Chinese Growth: Declining Social Capital and Well-Being in Times of Economic Boom (2015, unknown): “More specifically, D’Ambrosio and Frick (2012); D’Ambrosio and Frick (2007) show in a panel analysis that dissatisfaction is weakly predicted by absolute income, and strongly correlates with a measure of relative deprivation.”