Header

UZH-Logo

Maintenance Infos

The effect of income on general life satisfaction and dissatisfaction


Boes, Stefan; Winkelmann, Rainer (2010). The effect of income on general life satisfaction and dissatisfaction. Social Indicators Research, 95(1):111-128.

Abstract

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.

Abstract

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.

Statistics

Citations

27 citations in Web of Science®
28 citations in Scopus®
Google Scholar™

Altmetrics

Downloads

240 downloads since deposited on 15 Dec 2009
15 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:January 2010
Deposited On:15 Dec 2009 12:55
Last Modified:06 Dec 2017 22:36
Publisher:Springer
ISSN:0303-8300
Publisher DOI:https://doi.org/10.1007/s11205-009-9452-7
Official URL:http://dx.doi.org/10.1007/s11205-009-9452-7

Download

Download PDF  'The effect of income on general life satisfaction and dissatisfaction'.
Preview
Content: Accepted Version
Filetype: PDF
Size: 1MB
View at publisher