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

• 成果类型: Article
• 署名作者: Clark, A; Etilé, F; Postel-Vinay, F; Senik, C; Van der Straeten, K
• 署名单位: Centre National de la Recherche Scientifique (CNRS); Centre National de la Recherche Scientifique (CNRS); INRAE; Institut Polytechnique de Paris; ENSAE Paris; INRAE; Universite Paris Cite; Institut Polytechnique de Paris; Ecole Polytechnique
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.0013-0133.2005.00983.x
• 发表日期: 2005
• 页码: C118-C132
• 关键词: latent class; happiness; adaptation; MODEL; job

摘要

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.