EconPapers    
Economics at your fingertips  
 

Heterogeneity in Reported Well-Being: Evidence from Twelve European Countries

Andrew Clark (), Fabrice Etilé (), Fabien Postel-Vinay (), Claudia Senik () and Karine Van der Straeten ()

No 1339, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper models the relationship between income and reported well-being using latent class techniques applied to panel data from twelve European countries. Introducing both intercept and slope heterogeneity into this relationship, we strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual characteristics and country of residence are strong predictors of the four classes we identify. We expect that differences in the marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution.

Keywords: heterogeneity; well-being; utility; income; latent class (search for similar items in EconPapers)
JEL-codes: C14 C23 I30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe and nep-eec
Date: 2004-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Published in: Economic Journal, 2005, 115 (502), C118-C132

Downloads: (external link)
http://ftp.iza.org/dp1339.pdf (application/pdf)

Related works:
Journal Article: Heterogeneity in Reported Well-Being: Evidence from Twelve European Countries (2005) Downloads
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) Downloads
Working Paper: Heterogeneity in reported well-being:Evidence from twelve European countries (2004) Downloads
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:iza:izadps:dp1339

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2019-09-16
Handle: RePEc:iza:izadps:dp1339