This paper aims to contribute further research on the conceptualization of individual\udfinancial satisfaction as a particular domain of satisfaction with life as a whole. Based\udon the 2003 Survey on Living Conditions and Poverty for Andalucía (Spain) and using a\udself-reported measure of welfare, ordered probit models are used to analyze the extent to\udwhich individual financial satisfaction can be solely explained by income in absolute\udterms, or alternatively, by taking into account the importance of relative income in its\udtwo dimensions: (1) personal aspirations as individual’s adaptation to previous and\udfuture income levels (intra-individual comparisons), and (2) social comparisons as\udindividual’s concern for her peer’s income (inter-personal dependency).
展开▼
