Economic satisfaction and income rank in small neighbourhoods
Andrew Clark,
Niels Westergaard-Nielsen and
Nicolai Kristensen
Additional contact information
Niels Westergaard-Nielsen: CCP - Center for Corporate Performance - Center for Corporate Performance, ASB - Aarhus School of Business - Aarhus School of Business
Post-Print from HAL
Abstract:
We contribute to the literature on well-being and comparisons by appealing to new Danish data dividing the country up into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these neighbourhoods. This income information is matched to demographic and economic satisfaction variables from eight years of Danish ECHP data. Panel regression analysis shows that, conditional on own household income, respondents report higher satisfaction levels when their neighbours are richer. However, individuals are rank-sensitive: Conditional on one's own income and neighbourhood median income, respondents are more satisfied as their percentile neighbourhood ranking improves. A ten percentage point rise in rank (i.e., from 40th to 20th position in a 200-household cell) is worth 0.11 on a 1-6 scale, which is a large marginal effect in satisfaction terms.
Date: 2009-04
References: Add references at CitEc
Citations: View citations in EconPapers (128)
Published in Journal of the European Economic Association, 2009, 7 (2-3), pp.519-527. ⟨10.1162/JEEA.2009.7.2-3.519⟩
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: Economic Satisfaction and Income Rank in Small Neighbourhoods (2009) 
Working Paper: Economic satisfaction and income rank in small neighbourhoods (2009)
Working Paper: Economic satisfaction and income rank in small neighbourhoods (2008) 
Working Paper: Economic satisfaction and income rank in small neighbourhoods (2008) 
Working Paper: Economic Satisfaction and Income Rank in Small Neighbourhoods (2008) 
Working Paper: Economic Satisfaction and Income Rank in Small Neighbourhoods (2008) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754383
DOI: 10.1162/JEEA.2009.7.2-3.519
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().