A test of the predictive validity of relative versus absolute income for self-reported health and well-being in the United States.
A test of the predictive validity of relative versus absolute income for self-reported health and well-being in the United States.
复制标题
DOI：
10.4054/demres.2023.48.26
复制
发表时间：
2023-01
影响因子：
2.1
通讯作者：
Carpiano RM
中科院分区：
文献类型：
--
作者：
Brady D;Curran M;Carpiano RM
一个经典的争论是关于绝对收入和相对收入哪个更重要。绝对值资源作为跨时间和地点的恒定值，而相对值将一个人的层次位置置于时间和地点的分布中。这项研究专门调查了绝对收入或相对收入对健康和幸福是否更重要。我们利用人内，年龄内和时间内的变化与更高质量的收入措施和多种健康和福祉的结果在美国。使用收入动态的面板研究和跨国等效文件，我们估计三向固定效应模型的自评健康，健康状况不佳，心理困扰和生活满意度。对于所有四个结果，相对收入比绝对收入具有更大的标准化系数。相对收入的置信区间不会与零重叠。相比之下，绝对收入的置信区间大多与零重叠，其系数偶尔会出现错误的方向。各种鲁棒性检查支持这些结果。相对收入比绝对收入对自我报告的健康和幸福有更大的预测有效性。与早期的研究相比，这项研究提供了一个更严格的比较和测试的绝对和相对收入的预测有效性，这是唯一的美国数据进行。这为关于收入计量、健康和福祉的来源以及一般不平等问题的辩论提供了信息。这些结果可以指导任何将收入纳入模型的分析。
A classic debate concerns whether absolute or relative income is more salient. Absolute values resources as constant across time and place while relative contextualizes one’s hierarchical location in the distribution of a time and place. This study investigates specifically whether absolute income or relative income matters more for health and well-being. We exploit within-person, within-age, and within-time variation with higher-quality income measures and multiple health and well-being outcomes in the United States. Using the Panel Study of Income Dynamics and the Cross-National Equivalent File, we estimate three-way fixed effects models of self-rated health, poor health, psychological distress, and life satisfaction. For all four outcomes, relative income has much larger standardized coefficients than absolute income. Robustly, the confidence intervals for relative income do not overlap with zero. By contrast, absolute income mostly has confidence intervals that overlap with zero, and its coefficient is occasionally signed in the wrong direction. A variety of robustness checks support these results. Relative income has far greater predictive validity than absolute income for self-reported health and well-being. Compared to earlier studies, this study provides a more rigorous comparison and test of the predictive validity of absolute and relative income that is uniquely conducted with data on the United States. This informs debates on income measurement, the sources of health and well-being, and inequalities generally. Plausibly, these results can guide any analysis that includes income in models.
登录
查看更多内容
影响因子：
2.2
作者：
Alpizar, F;Carlsson, F;Johansson-Stenman, O
通讯作者：
Johansson-Stenman, O
影响因子：
3.4
作者：
Brady, David;Finnigan, Ryan;Legewie, Joscha
通讯作者：
Legewie, Joscha
影响因子：
2.1
作者：
Chin, Brian
通讯作者：
Chin, Brian
影响因子：
3.1
作者：
DIENER, E;SANDVIK, E;DIENER, M
通讯作者：
DIENER, M
影响因子：
8.2
作者：
Boyce, Christopher J.;Brown, Gordon D. A.;Moore, Simon C.
通讯作者：
Moore, Simon C.