What Can we Learn from Subjective Data ? The Case of Income and Well-Being
AbstractHow does the income of others affect my own welfare ? This survey of the empirical literature stresses the contribution of subjective data to the understanding of this issue, with an attempt to disentangle direct effects (preferences interdependence) from indirect informational effects. It shows that perceived mobility is central to the link between other people’s income and individual satisfaction, as it determines individual opportunities and risks. Agents also appreciate the equalitarian nature of mobility itself, in which case individual welfare depends on dynamic inequality rather than static income distribution. These studies illustrate how subjective data can bring information on aspects of utility and social interactions that are beyond the scope of the method based on action-revealed preferences.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number 2003-06.
Date of creation: Mar 2003
Date of revision: Oct 2003
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ada Ferrer-i-Carbonell & Klarita GÃ«rxhani, 2011. "Financial Satisfaction and (in)formal Sector in a Transition Country," Social Indicators Research, Springer, Springer, vol. 102(2), pages 315-331, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.