2013
DOI: 10.2139/ssrn.2268548
|View full text |Cite
|
Sign up to set email alerts
|

Income Comparisons, Income Adaptation, and Life Satisfaction: How Robust are Estimates from Survey Data?

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

2
12
0

Year Published

2013
2013
2020
2020

Publication Types

Select...
4
1

Relationship

1
4

Authors

Journals

citations
Cited by 7 publications
(14 citation statements)
references
References 51 publications
(50 reference statements)
2
12
0
Order By: Relevance
“…In our UK estimates, we confirm previous findings of a very small own-income effect (Pfaff, 2013), which is difficult to explain, and find a much larger comparison effect, negative for the whole sample, but again positive for the younger group. This might suggest declining average life satisfaction in the UK, though it has less of an aging problem than Germany.…”
Section: Policy Conclusionsupporting
confidence: 86%
See 2 more Smart Citations
“…In our UK estimates, we confirm previous findings of a very small own-income effect (Pfaff, 2013), which is difficult to explain, and find a much larger comparison effect, negative for the whole sample, but again positive for the younger group. This might suggest declining average life satisfaction in the UK, though it has less of an aging problem than Germany.…”
Section: Policy Conclusionsupporting
confidence: 86%
“…However, this does not capture the declining happiness of the oldest respondents, as is evident in samples with all ages where either cubic or non-parametric age controls are used (Fischer, 2009;FitzRoy et al 2011aFitzRoy et al , 2011bBartolini et al, 2012, Wunder et al, 2013. Pfaff (2013) uses a quadratic in age and finds negative estimates for age squared until the sample is restricted to workers only, with the estimates then being positive for all three countries. With fixed effects and controls for time in panel and survey interview (but no comparison income), Frijters and Beatton (2012) and Kassenboehmer and Haisken-DeNew (2012) show that the U-shape or middle-age decline in happiness disappears.…”
Section: Empirical Analysismentioning
confidence: 99%
See 1 more Smart Citation
“…Only in the case of raw household income or instrumented income, do we observe adaptation (e.g. Pfaff (2013) and Binder and Coad (2010)). Second, we observe less adaptation to own income when including lagged terms of controls (Ferrer-i Carbonell and Van Praag, 2008;Vendrik, 2013).…”
Section: Literature Reviewmentioning
confidence: 74%
“…However, tests of relative-income effects are faced with the difficulty of constructing plausible proxies for reference income. The results shown in Pfaff (2013b) cast doubt on some common methods for measuring reference-income effects. He also does not find robust evidence for adaptation to income after four years in Germany with samples that are similar to the ones used in this study.…”
mentioning
confidence: 98%