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dc.contributor.authorDelaney, Liamen_UK
dc.contributor.authorNewman, Carolen_UK
dc.contributor.authorNolan, Brianen_UK
dc.description.abstractThe link between income and subjective satisfaction with one's financial situation is explored in this paper using a panel analysis of 4,000 individuals tracked through the course of the 'Celtic Tiger' boom period, 1994-2001. The impact of the level of individual and household income, the time-path of income and the impact of reference group income on financial satisfaction are all considered. To the extent that income influences financial satisfaction, there is strong evidence from this paper that household income has a greater effect on financial satisfaction than individual income. There is also evidence that changes in income have an independent effect on financial satisfaction with the time derivative of income entering positively in the financial satisfaction equation. Thus, our paper gives further evidence to support the hypothesis that individuals process changes as well as absolute levels of income. While reference group income has a negative effect at the start of the period it has no effect at the end.en_UK
dc.publisherTrinity College Dublin, Department of Economicsen_UK
dc.relationDelaney L, Newman C & Nolan B (2006) Reference dependent financial satisfaction over the course of the Celtic Tiger: a panel analysis utilising the Living in Ireland Survey 1994-2001. Trinity Economic Papers (TEP) Series, 2006-11.
dc.relation.ispartofseriesTrinity Economic Papers (TEP) Series, 2006-11en_UK
dc.rightsThe publisher has not responded to our queries therefore this work cannot be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.subjectFinancial satisfactionen_UK
dc.titleReference dependent financial satisfaction over the course of the Celtic Tiger: a panel analysis utilising the Living in Ireland Survey 1994-2001en_UK
dc.typeWorking Paperen_UK
dc.rights.embargoreason[Delaney_2006_Reference_Dependent_Financial_Satisfaction.pdf] The publisher has not responded to our queries. This work cannot be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.type.statusVoR - Version of Recorden_UK
dc.subject.jelD60: Welfare Economics: Generalen_UK
dc.subject.jelI31: General Welfare; Well-Beingen_UK
dc.contributor.affiliationTrinity College, Dublinen_UK
dc.contributor.affiliationEconomic and Social Research Instituteen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorDelaney, Liam|en_UK
local.rioxx.authorNewman, Carol|en_UK
local.rioxx.authorNolan, Brian|en_UK
local.rioxx.projectInternal Project|University of Stirling|
Appears in Collections:Economics Working Papers

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