%0 Report
        %A D'Ambrosio, Conchita
%A Frick, Joachim R.
        %T Individual Well-Being in a Dynamic Perspective
        %D 2007
        %8 2007 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 2618
        %U https://www.iza.org/publications/dp2618
        %X 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.
        %K status
%K inequality aversion
%K interdependent preferences
%K subjective well-being
%K SOEP