@TechReport{iza:izadps:dp1351,
            	author={D'Ambrosio, Conchita and Frick, Joachim R.},
            	title={Subjective Well-Being and Relative Deprivation: An Empirical Link},
            	year={2004},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1351},
            	url={https://www.iza.org/publications/dp1351},
	abstract={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 life, and relative deprivation/satisfaction, i.e. the gaps between the individual's
income and the incomes of all individuals richer/poorer than him. Operationalizing both
concepts using micro panel data from the German Socio-Economic Panel (SOEP), we
provide empirical evidence for subjective well-being depending more on relative satisfaction
than on absolute levels of income. This finding holds even after controlling for other influential
factors in a multivariate setting.},
	keywords={relative deprivation;satisfaction;subjective well-being;SOEP},
            }