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Perceived Happiness, Perceived Trust and Perceived Income Levels: The Case of the Reunified Germany

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Perceived Happiness, Perceived Trust and Perceived Income Levels The Case of the Reunified Germany.pdf (553.8Kb)
Date
2019
Author
Ucal, Meltem Şengün
Günay, Simge
Abstract
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

Panoeconomicus

Issue

2

Volume

66

Pages

219-239

URI

https://doi.org/10.2298/PAN160721031U
https://hdl.handle.net/20.500.12469/3601

Collections

  • Araştırma Çıktıları / Scopus [1565]
  • Araştırma Çıktıları / WOS [1518]
  • Ekonomi / Economics [88]

Keywords

Perceived happiness
Perceived income
East-West Germany
Re-unification
Generalized ordered logit models

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