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Intergenerational Mobility and Life Satisfaction in Spain

In: Mobility and Inequality Trends

Author

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  • Amaia Palencia-Esteban
  • Pedro Salas-Rojo

Abstract

This chapter explores the relation between personal well-being – measured with life satisfaction – and intergenerational mobility in Spain (2017). We start by applying machine learning techniques to overcome traditional data limitations and estimate intergenerational income mobility. Then, by means of several econometric specifications, we find the relation between personal well-being and intergenerational income mobility to be non-significant. This result is robust to several measures of educational and occupational mobility. Contrary to the comparison theory, if Spanish citizens derive well-being benefits or losses from intergenerational mobility, these effects are not permanent and dissipate with time. We find other variables, such as enjoying good health, higher income levels and marriage, to be positively associated with life satisfaction. Overall, personal well-being in Spain is more related to materialistic aspects rather than to the comparison of individuals’ current position against the previous generations’ socio-economic status.

Suggested Citation

  • Amaia Palencia-Esteban & Pedro Salas-Rojo, 2023. "Intergenerational Mobility and Life Satisfaction in Spain," Research on Economic Inequality, in: Mobility and Inequality Trends, volume 30, pages 109-137, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:reinzz:s1049-258520230000030004
    DOI: 10.1108/S1049-258520230000030004
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    More about this item

    Keywords

    Well-being; life satisfaction; intergenerational mobility; machine learning; happiness; LASSO; I14; I31; J62;
    All these keywords.

    JEL classification:

    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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