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IZA
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Subjective Well-Being and Relative Deprivation: An Empirical Link
by
Conchita D'Ambrosio, Joachim R. Frick
(October 2004)
published in: Social Indicators Research, 2007, 81(3), 497-519
Abstract:
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.
Text: See Discussion Paper No. 1351
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