Ingreso y bienestar subjetivoel efecto de las comparaciones sociales

  1. María Navarro 1
  2. Ángeles Sánchez 1
  1. 1 Universidad de Granada
    info

    Universidad de Granada

    Granada, España

    ROR https://ror.org/04njjy449

Journal:
Revista de economía mundial

ISSN: 1576-0162

Year of publication: 2018

Issue: 48

Pages: 153-178

Type: Article

DOI: 10.33776/REM.V0I48.3879 DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

More publications in: Revista de economía mundial

Sustainable development goals

Abstract

For public policies purposes, the analysis of the relationship between income and subjective well-being is important. However, social comparisons in income as well as social contacts can be key determinants of subjective wellbeing. In order to test these hypotheses, we have studied the effect of different economic and non-economic factors on subjective well-being using the database of the German Socio-Economic Panel. The methodology used is a Probit adapted to Ordinary Least Square (POLS). The main results show that the effect of absolute income on subjective well-being is different depending on the variable of social comparison considered. In addition, the absolute income does not exert the greatest impact on subjective well-being, but social contacts and having a good health. These findings underscore the importance of analyzing the distributional effects of public expenditure programs, as well as studying the effects of public policies on non-economic factors that determine people’s well-being and the effectiveness of those policies.

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