Poverty is a public bad: panel evidence from subjective well-being data
Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty. Using panel data for 39,239 individuals living in Germany from 2005-2013, we show that people's SWB is negatively correlated with the state-level poverty ratio while controlling...
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| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Oldenburg
Department of Economics, University of Oldenburg
November 2016
|
| Series: | Oldenburg discussion papers in economics
V-396-16 |
| Online Access: | Volltext |
| Summary: | Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty. Using panel data for 39,239 individuals living in Germany from 2005-2013, we show that people's SWB is negatively correlated with the state-level poverty ratio while controlling for individual poverty status and poverty intensity. The negative relationship between aggregate poverty and SWB is more salient in the upper segments of the income distribution and is robust to controlling for the rate of unemployment and per capita GDP. The character of poverty as a public bad suggests that poverty alleviation is a matter not only of equity, but of efficiency. |
| Physical Description: | 1 Online-Ressource (13 Seiten) |
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| spelling | Welsch, Heinz 1955-2025 Verfasser (DE-588)170118142 aut Poverty is a public bad panel evidence from subjective well-being data Heinz Welsch, Philipp Biermann Oldenburg Department of Economics, University of Oldenburg November 2016 1 Online-Ressource (13 Seiten) txt rdacontent c rdamedia cr rdacarrier Oldenburg discussion papers in economics V-396-16 Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty. Using panel data for 39,239 individuals living in Germany from 2005-2013, we show that people's SWB is negatively correlated with the state-level poverty ratio while controlling for individual poverty status and poverty intensity. The negative relationship between aggregate poverty and SWB is more salient in the upper segments of the income distribution and is robust to controlling for the rate of unemployment and per capita GDP. The character of poverty as a public bad suggests that poverty alleviation is a matter not only of equity, but of efficiency. Biermann, Philipp 1987- Verfasser (DE-588)1073534944 aut Oldenburg discussion papers in economics V-396-16 (DE-604)BV039810434 396 http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-396-16.pdf Verlag kostenfrei Volltext |
| spellingShingle | Welsch, Heinz 1955-2025 Biermann, Philipp 1987- Poverty is a public bad panel evidence from subjective well-being data Oldenburg discussion papers in economics |
| title | Poverty is a public bad panel evidence from subjective well-being data |
| title_auth | Poverty is a public bad panel evidence from subjective well-being data |
| title_exact_search | Poverty is a public bad panel evidence from subjective well-being data |
| title_full | Poverty is a public bad panel evidence from subjective well-being data Heinz Welsch, Philipp Biermann |
| title_fullStr | Poverty is a public bad panel evidence from subjective well-being data Heinz Welsch, Philipp Biermann |
| title_full_unstemmed | Poverty is a public bad panel evidence from subjective well-being data Heinz Welsch, Philipp Biermann |
| title_short | Poverty is a public bad |
| title_sort | poverty is a public bad panel evidence from subjective well being data |
| title_sub | panel evidence from subjective well-being data |
| url | http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-396-16.pdf |
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