Heterogeneity in reported well-being:Evidence from twelve European countries

Andrew Clark, Fabrice Etilé, Fabien Postel-Vinay, Claudia Senik () and Karine Van der Straeten ()
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Claudia Senik: DELTA - Département et Laboratoire d'Economie Théorique et Appliquée - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique, UP4 - Université Paris-Sorbonne

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Abstract: This paper models the relationship between income and self-reportd weel-being using random-effect techniques applied to panel data from twelve European countries. We cannot distinguish empirically between heterogeneities in the utility function (translating income into utility) and the expression function (turning utility into self-reported well-being), but we strongly reject the hypothesis that individuals carry out these joint transformations in same way. The "marginal well-being effect of income" is very different in the four classes we identify; thus we expect preferences for redistribution and behaviour to be differeent accross these classes. Our results suggest that aggregating data accross diverse populations, and countries, may be a dangerous practice.

Keywords: Income; Utility; Well-being; Heterogeneity; Latent classes; Revenu; Utilité; Bien-être; Hétérogénéité; Classes latentes (search for similar items in EconPapers)
Date: 2004
Note: View the original document on HAL open archive server: https://hal.science/hal-00242916v1
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Heterogeneity in Reported Well-Being: Evidence from Twelve European Countries (2005)
Working Paper: Heterogeneity in reported wel-being: Evidence from twelve European countries (2005)
Working Paper: Heterogeneity in reported well-being: evidence from twelve european countries (2004)
Working Paper: Heterogeneity in Reported Well-Being: Evidence from Twelve European Countries (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00242916

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