The Effect of Income on General Life Satisfaction and Dissatisfaction
Abstract
Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may therefore be needed when analyzing the determinants of subjective well-being. We investigate asymmetries in the effect of income on subjective well-being with a single-item measure of general life satisfaction. Using data...
Paper Details
Title
The Effect of Income on General Life Satisfaction and Dissatisfaction
Published Date
Feb 18, 2009
Journal
Volume
95
Issue
1
Pages
111 - 128
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