@TechReport{iza:izadps:dp2618,
            	author={D'Ambrosio, Conchita and Frick, Joachim R.},
            	title={Individual Well-Being in a Dynamic Perspective},
            	year={2007},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2618},
            	url={https://www.iza.org/publications/dp2618},
	abstract={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.},
	keywords={status;inequality aversion;interdependent preferences;subjective well-being;SOEP},
            }