Working Paper Series, Swedish Institute for Social Research, Stockholm University
Subjective Well-Being, Income and Economic Margins
() and Niklas Kaunitz
Abstract: This paper uses the Swedish Level of Living Survey to
study how satisfaction with living conditions and daily life covary with
economic resources, in the cross-section and in a decade-long panel. We
find that self-reported lack of economic margins is a powerful determinant
of satisfaction, its magnitude being comparable even to that of marriage or
cohabitation. In contrast, although income is positively associated with
satisfaction, the relationship is less robust than for economic margins,
and the estimated gradients vary substantially depending on the choice of
satisfaction measure, income measure and model specification.
Keywords: -; (follow links to similar papers)
34 pages, October 18, 2011
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