Relative status and satisfaction
Stefan Boes (),
Kevin Staub () and
Rainer Winkelmann ()
No 816, SOI - Working Papers from Socioeconomic Institute - University of Zurich
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to be ifluenced by their children's income rank.
Keywords: happiness; income norm; subjective well-being (search for similar items in EconPapers)
JEL-codes: D62 I31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hap
References: Add references at CitEc
Citations: Track citations by RSS feed
Published in Economics Letters 109(3), pp. 168-170, 2010
Downloads: (external link)
http://www.econ.uzh.ch/static/wp_soi/wp0816.pdf first version, 2008 (application/pdf)
Journal Article: Relative status and satisfaction (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:soz:wpaper:0816
Access Statistics for this paper
More papers in SOI - Working Papers from Socioeconomic Institute - University of Zurich Contact information at EDIRC.
Bibliographic data for series maintained by Marita Kieser ().