%0 Report
        %A D'Ambrosio, Conchita
%A Frick, Joachim R.
        %T Subjective Well-Being and Relative Deprivation: An Empirical Link
        %D 2004
        %8 2004 Oct
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1351
        %U https://www.iza.org/publications/dp1351
        %X 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.
        %K relative deprivation
%K satisfaction
%K subjective well-being
%K SOEP