Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - Forschungsbasierte Infrastruktureinrichtung … - 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i ….e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has … significantly reduce life satisfaction for individuals in the four lowest deciles of the income distribution. Furthermore, our …