TY  - RPRT
        AU  - Schwarze, Johannes
        TI  - Subjective Measures of Economic Well-Being and the Influence of Income Uncertainty
        PY  - 2008/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3720
        UR  - https://www.iza.org/publications/dp3720
        AB  - This paper provides evidence that subjective measures of individual well being can be used to study the impact of income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction with income is more affected by ex ante than by ex post volatility of income. The ordinal version of the Van Praag approach might be biased if income uncertainty is essential. The paper was written in 1994.
        KW  - income uncertainty
KW  - subjective well-being
KW  - satisfaction
KW  - income evaluation
        ER  -