Social Indicators Research

, Volume 79, Issue 3, pp 455–476

The Richer, the Happier? An Empirical Investigation in Selected European Countries

  • Chiara Seghieri
  • Gustavo Desantis
  • Maria Letizia Tanturri
Article

DOI: 10.1007/s11205-005-5394-x

Cite this article as:
Seghieri, C., Desantis, G. & Tanturri, M.L. Soc Indic Res (2006) 79: 455. doi:10.1007/s11205-005-5394-x

Abstract

This study analyses the relationship between subjective and objective measures of well-being in selected European countries using the data of the European Community Household Panel (ECHP). In the first part of the paper, we develop a random-effect ordered probit model, separately for each country, relating the subjective measure of income satisfaction to actual income, and controlling for some individual and household socio-demographic fixed effects. In the second part of the paper, we fit a Bayesian cross-classified multilevel model, in order to control for intra-family correlation in subjective well-being, which actually appears to be present.

Key words

economic well-beingpanel datasubjective well-being

Copyright information

© Springer 2006

Authors and Affiliations

  • Chiara Seghieri
    • 1
  • Gustavo Desantis
    • 1
  • Maria Letizia Tanturri
    • 1
  1. 1.Department of Agricultural EconomicsUniversity of FlorenceFlorenceItaly