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

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Date

2019

Authors

Ucal, Meltem Şengün
Günay, Simge

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Savez Ekonomista Vojvodine

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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.

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

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3

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Q3

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Volume

66

Issue

2

Start Page

219

End Page

239