Now showing 1 - 3 of 3
  • Publication
    Reference dependent financial satisfaction over the course of the Celtic Tiger : a panel analysis utilising the Living in Ireland Survey 1994-2001
    (University College Dublin. Geary Institute, 2006) ; ;
    The 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.
      174
  • Publication
    Household characteristics of higher education participants
    (University College Dublin. Geary Institute, 2007-07-03) ; ;
    The aim of this paper is to analyse the characteristics of Irish households that have a member participating in higher education, using surveys of Irish households collected in 1994-95 and 1999-2000. The results do not show a significant effect of income; this is notable, especially alongside the strong result that longer-term factors such as household wealth and cultural capital have a significant effect. This lends support to the argument proposed by Heckman (2000) that family income is only important over the entire educational investment cycle of a child. However, the importance of grant eligibility is a notable result, which suggests that short-term financial constraints cannot be dismissed. A combination of suitably beneficial short-term and long-term factors may be important for encouraging participation in higher education.
      382
  • Publication
    Reference dependent financial satisfaction over the course of the Celtic Tiger : a panel analysis utilising the Living in Ireland Survey 1994-2001
    (Trinity College Dublin. Department of Economics, 2006) ; ;
    The 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.
      895