TY  - RPRT
        AU  - D'Ambrosio, Conchita
AU  - Frick, Joachim R.
        TI  - Subjective Well-Being and Relative Deprivation: An Empirical Link
        PY  - 2004/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1351
        UR  - https://www.iza.org/publications/dp1351
        AB  - 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.
        KW  - relative deprivation
KW  - satisfaction
KW  - subjective well-being
KW  - SOEP
        ER  -