Boes, Stefan; Staub, Kevin; Winkelmann, Rainer - Institut für Volkswirtschaftslehre, … - 2007
High parental income, while undeniably causing beneÞts for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a childÕs income aspirations and thereby reduce Þnancial satisfaction, ceteris paribus. In this paper, we...