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14 novembre 2007
- 10261/2099
Ce document est lié à :
IESA Working Paper Series
Ce document est lié à :
WP 12-04
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Mots-clés
Financial satisfaction Income valuation Comparison income Reference group Internal norm External normSujets proches
Fortunes Household income Personal income Family incomeCiter ce document
Esperanza Vera-Toscano et al., « Building Financial Satisfaction », Digital.CSIC (SHS)
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Résumé
This paper aims to contribute further research on the conceptualization of individual financial satisfaction as a particular domain of satisfaction with life as a whole. Based on the 2003 Survey on Living Conditions and Poverty for Andalucía (Spain) and using a self-reported measure of welfare, ordered probit models are used to analyze the extent to which individual financial satisfaction can be solely explained by income in absolute terms, or alternatively, by taking into account the importance of relative income in its two dimensions: (1) personal aspirations as individual’s adaptation to previous and future income levels (intra-individual comparisons), and (2) social comparisons as individual’s concern for her peer’s income (inter-personal dependency).