Endogeneity in the relation between poverty, wealth and life satisfaction
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Endogeneity in the relation between poverty, wealth and life satisfaction. / Hajek, André.
Berlin : Deutsches Institut für Wirtschaftsforschung (DIW), 2013. (SOEPpapers; No. 604).Research output: Working paper › Research communication reports › Research
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TY - UNPB
T1 - Endogeneity in the relation between poverty, wealth and life satisfaction
AU - Hajek, André
PY - 2013
Y1 - 2013
N2 - This publication concentrates on the complex interplay between poverty, wealth and life satisfaction. Main areas of life are quantified in a multidimensional approach of poverty and wealth: Individual income, current health, occupational autonomy or employment status and also the mentioned life satisfaction. Data used in this publication were made available by the German Socio Economic Panel Study (SOEP) at the German Institute for Economic Research (DIW Berlin), Berlin. A period from 1998-2009 is examined. This study has two main goals: (1) To contribute to the interconnection between poverty, wealth and life satisfaction. (2) Besides, the endogeneity research regarding life satisfaction should be expanded. Reduced form vector-autoregressions (with first differences) were used to answer the questions. Therefore, granger-causality can be supposed. Major findings: An initial rise in life satisfaction can improve income and health, but not job autonomy. However, even the probability of returning from unemployment to employment can increase. Gender-specific differences are discussed.
AB - This publication concentrates on the complex interplay between poverty, wealth and life satisfaction. Main areas of life are quantified in a multidimensional approach of poverty and wealth: Individual income, current health, occupational autonomy or employment status and also the mentioned life satisfaction. Data used in this publication were made available by the German Socio Economic Panel Study (SOEP) at the German Institute for Economic Research (DIW Berlin), Berlin. A period from 1998-2009 is examined. This study has two main goals: (1) To contribute to the interconnection between poverty, wealth and life satisfaction. (2) Besides, the endogeneity research regarding life satisfaction should be expanded. Reduced form vector-autoregressions (with first differences) were used to answer the questions. Therefore, granger-causality can be supposed. Major findings: An initial rise in life satisfaction can improve income and health, but not job autonomy. However, even the probability of returning from unemployment to employment can increase. Gender-specific differences are discussed.
KW - Business psychology
M3 - Research communication reports
T3 - SOEPpapers
BT - Endogeneity in the relation between poverty, wealth and life satisfaction
PB - Deutsches Institut für Wirtschaftsforschung (DIW)
CY - Berlin
ER -