Satisfaction as an outcome, as a means and as a cause

Faculty/Professorship: Fakultät Sozial- und Wirtschaftswissenschaften: Abschlussarbeiten ; State Institute for Family Research at the University of Bamberg (ifb)  ; Empirical Microeconomics  
Author(s): Elsas, Susanne  
Publisher Information: Bamberg : Otto-Friedrich-Universität
Year of publication: 2021
Supervisor(s): Heineck, Guido  ; Wunder, Christoph
Year of first publication: 2020
Language(s): English
Kumulative Dissertation, Otto-Friedrich-Universität Bamberg, 2020
DOI: 10.20378/irb-49308
Licence: Creative Commons - CC BY - Attribution 4.0 International 
URN: urn:nbn:de:bvb:473-irb-493082
This dissertation analyzes large-scale panel data on individual satisfaction in three self-contained empirical studies, each taking a different perspective on individual satisfaction and using appropriate econometric methods accordingly.
In its first empirical analysis, the thesis addresses the obvious question of satisfaction as an outcome, here if life satisfaction is an outcome of education. Results of the instrumental variable estimation, using German NEPS data, show that education has no effect on life satisfaction, yet on some of its determinants.
Based on the idea that income is a fundamental of financial satisfaction, the second analysis concludes from satisfaction to its cause: Intra-household satisfaction differences are used as a means to approach the intra-household income distribution. Panel fixed effects estimations on German SOEP data show that couples share their income according to their individual financial contribution to the household‘s income.
Finally, the last analysis, which also uses SOEP data, explores the question whether satisfaction could also be the cause of a typical determinant of itself, i.e. of income. This analysis also uses SOEP data and an recent synthetic instrumental variable approach. Results suggest that satisfaction causes income, while income tends not to cause satisfaction.
GND Keywords: Glück; Zufriedenheit; Wohlfahrtstheorie; Kausalanalyse
Keywords: Happiness Economics, Welfare Economics, Causal analyses
DDC Classification: 330 Economics  
RVK Classification: QC 160   
Type: Doctoralthesis
Release Date: 24. February 2021

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