The Effect of Income on General Life Satisfaction and Dissatisfaction

Autor/inn/en	Boes, Stefan; Winkelmann, Rainer
Titel	The Effect of Income on General Life Satisfaction and Dissatisfaction
Quelle	In: Social Indicators Research, 95 (2010) 1, S.111-128 (18 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0303-8300
DOI	10.1007/s11205-009-9452-7
Schlagwörter	Income; Life Satisfaction; Well Being; Foreign Countries; Socioeconomic Status; Measures (Individuals); Correlation; Germany + Suchen Sie Ihr Suchwort? Einkommen; Lebensvollendung; Well-being; Wellness; Wohlbefinden; Ausland; Socio-economic status; Sozioökonomischer Status; Messdaten; Korrelation; Deutschland
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. (As Provided).
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Update	2017/4/10