Perceived Happiness, Perceived Trust and Perceived Income Levels: The Case of the Reunified Germany
Date
2019Abstract
This study explored the possible impact of perceived income on individual (perceived) happiness in Eastern and Western Germany in relation to perceived trust and four socio-economic variables, namely gender, age, marital status and employment status. To examine the relationship between these variables, a generalized ordered logit model was applied using the World Values Survey data. Bootstrapping and marginal effects were used to obtain a more robust model. The findings provided insights regarding the impact of perceived income and perceived trust on individual (perceived) happiness in both regions after reunification. Perceived income had a positive effect on all happiness categories in both regions. Perceived trust had a stronger positive impact on individual happiness than that of perceived income, although its significance varied across individual (perceived) happiness categories. Analysis of marginal effects revealed differences between the base models.
Source
PanoeconomicusIssue
2Volume
66Pages
219-239Collections
- Araştırma Çıktıları / Scopus [1565]
- Araştırma Çıktıları / WOS [1518]
- Ekonomi / Economics [88]
Keywords
Perceived happinessPerceived income
East-West Germany
Re-unification
Generalized ordered logit models
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