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Multidimensional Well‐Being at the Top: Evidence for Germany

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  • Andreas Peichl
  • Nico Pestel

Abstract

This paper employs a multidimensional approach for the measurement of well-being at the top of the distribution using German SOEP micro data. Besides income as traditional indicator for material well-being, we include health as a proxy for nonmaterial quality of life as well as self-reported satisfaction with life as dimensions. We find that one third of the German population is well-off in at least one dimension but only one percent in all three dimensions simultaneously. While the distribution of income has become more concentrated at the top, the concentration at the top of the multidimensional well-being distribution has decreased over time. Moreover, health as well as life satisfaction contribute quite substantially to multidimensional wellbeing at the top which has important policy implications.
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Suggested Citation

  • Andreas Peichl & Nico Pestel, 2013. "Multidimensional Well‐Being at the Top: Evidence for Germany," Fiscal Studies, Institute for Fiscal Studies, vol. 34, pages 355-371, September.
  • Handle: RePEc:ifs:fistud:v:34:y:2013:i::p:355-371
    DOI: j.1475-5890.2013.12010.x
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    File URL: http://hdl.handle.net/10.1111/j.1475-5890.2013.12010.x
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    References listed on IDEAS

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    1. Andreas Peichl & Thilo Schaefer & Christoph Scheicher, 2010. "Measuring Richness And Poverty: A Micro Data Application To Europe And Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(3), pages 597-619, September.
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    Cited by:

    1. Kontbay-Busun, Sine & Peichl, Andreas, 2014. "Multidimensional affluence in income and wealth in the eurozone: A cross country comparison using the HFCS," ZEW Discussion Papers 14-124, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    2. repec:eee:energy:v:137:y:2017:i:c:p:1159-1166 is not listed on IDEAS
    3. Arnaud Joskin, 2017. "Working Paper 04-17 - Qu’est-ce qui compte pour les Belges ? Analyse des déterminants du bien-être individuel en Belgique
      [Working Paper 04-17 - Wat telt voor de Belgen? Analyse van de determinante
      ," Working Papers 1704, Federal Planning Bureau, Belgium.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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