Clark, Andrew E., D’Ambrosio, Conchita and Ghislandi, Simone (2014) Adaptation to poverty in long-run panel data. CEP Discussion Papers (CEPDP1315). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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Abstract
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence of adaptation within a poverty spell: poverty starts bad and stays bad in terms of subjective well-being. We cannot identify any cause of poverty entry which explains the overall lack of poverty adaptation.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk/_new/publications/series.asp?... |
| Additional Information: | © 2014 The Authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | D - Microeconomics > D6 - Welfare Economics > D60 - General I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness |
| Date Deposited: | 06 Jan 2015 11:52 |
| Last Modified: | 11 Dec 2024 19:15 |
| Funders: | Economic and Social Research Council |
| URI: | http://eprints.lse.ac.uk/id/eprint/60608 |
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