Boes, Stefan; Winkelmann, Rainer (2010). The effect of income on general life satisfaction and dissatisfaction. Social indicators research, 95(1), pp. 111-128. Dordrecht: Springer 10.1007/s11205-009-9452-7
|
Text
s11205-009-9452-7.pdf - Published Version Available under License Publisher holds Copyright. Download (448kB) | Preview |
Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may therefore be needed when analyzing the determinants of subjective well-being. We investigate asymmetries in the effect of income on subjective well-being with a single-item measure of general life satisfaction. Using data from the German Socio-Economic Panel 1984–2004, and a flexible multiple-index ordered probit panel data model with varying thresholds, we find that income has only a minor effect on high satisfaction but significantly reduces dissatisfaction.
Item Type: |
Journal Article (Original Article) |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics |
UniBE Contributor: |
Boes, Stefan |
ISSN: |
0303-8300 |
Publisher: |
Springer |
Language: |
English |
Submitter: |
Factscience Import |
Date Deposited: |
04 Oct 2013 14:15 |
Last Modified: |
05 Dec 2022 14:03 |
Publisher DOI: |
10.1007/s11205-009-9452-7 |
Web of Science ID: |
000272321100006 |
BORIS DOI: |
10.48350/3991 |
URI: |
https://boris.unibe.ch/id/eprint/3991 (FactScience: 208100) |
Actions (login required)
 |
Edit item |