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Most empirical distributional studies of well-being in developed countries rely on distributions of disposable income. From a theoretical point of view this practice is contentious since a household’s command over resources is determined not only by its spending power over commodities it can buy in the market but also on resources available to the household members through non-market mechanisms such ...
In:
Journal of Housing Economics
19 (2010), 3, 167–179
| Joachim R. Frick, Markus M. Grabka, Timothy M. Smeeding, Panos Tsakloglou
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Berlin:
DIW Berlin,
2007,
(SOEPpapers 53)
| Joachim R. Frick, Olaf Groh-Samberg
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Berlin:
German Institute for Economic Research (DIW Berlin),
2008,
(DIW Berlin Data Documentation 36)
| Joachim R. Frick, Olaf Groh-Samberg, Henning Lohmann (Eds.)
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Melbourne:
Melbourne Institute of Applied Economic and Social Research,
2001,
(HILDA Project Discussion Paper Series No. 1/01)
| Joachim R. Frick, John P. Haisken-DeNew
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In:
MOST: Economic Policy in Transitional Economies
5 (1995), 4, 79-108
| Joachim R. Frick, Richard Hauser, Klaus Müller, Gert G. Wagner
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Accepted international assessments of living standards in retirement rely on comparing social pension incomes. These assessments conclude that European countries with contributory pension schemes provide retirees with higher living standards than liberal Anglo-American regimes in which many citizens rely on flat rate old age pensions. Comparisons based solely on pension incomes are potentially misleading ...
In:
Schmollers Jahrbuch - SOEP after 25 Years. Proceedings of the 8th International Socio-Economic Panel User Conference
129 (2009), 2, 309-319
| Joachim R. Frick, Bruce Headey
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In:
Schmollers Jahrbuch
127 (2007), 4, 627-654
| Joachim R. Frick, Stephen P. Jenkins, Dean R. Lillard, Oliver Lipps, Mark Wooden
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We first confirm previous results with the German Socio-Economic Panel by Layard et al. (2010), and obtain strong negative effects of comparison income. However, when we split the sample by age, we find quite different results for reference income. The effects on lifesatisfaction are positive and significant for those under 45, consistent with Hirschman’s (1973) ‘tunnel effect’, and only negative (and ...
Bonn:
Institute for the Study of Labor (IZA),
2011,
(IZA DP No. 6045)
| Felix FitzRoy, Michael Nolan, Max F. Steinhardt
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In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from the German Socio-Economic Panel and the British Household Panel Survey, we first confirm the standard negative effects of comparison income on life satisfaction ...
Berlin:
DIW Berlin,
2011,
(SOEPpapers 415)
| Felix FitzRoy, Michael A. Nolan, Max F. Steinhardt, David Ulph
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In contrast to previous results combining all ages we find positive effects of comparison income on happiness for the under 45s, and negative effects for those over 45. In the BHPS these coefficients are several times the magnitude of own income effects. In GSOEP they cancel to give no effect of effect of comparison income on life satisfaction in the whole sample, when controlling for fixed effects, ...
In:
IZA Journal of European Labor Studies
3 (2014), 24, (online)
| Felix R. FitzRoy, Michael A. Nolan, Max F. Steinhardt, David Ulph