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  • Publication
    Accès libre
    The Rolling 50s (and More): Cars and Life Satisfaction Among Seniors Across Europe
    Cars represent a valuable real asset that most individuals use on a daily basis. Although cars are a form of material prosperity like income and other forms of wealth, the link between cars and subjective well-being (SWB) is barely covered in the existing literature. Furthermore, few existing contributions are scattered across specific cultural contexts. Here, we analyze the relationship between cars and the SWB of seniors in different European countries using the SHARE dataset. We construct multilevel and fixed-effect models to explore the extent of economic, infrastructural, and cultural factors and how they can explain this relationship. The results show that the value of the car is, among all wealth components (houses, bank account, bonds, stocks, mutual funds, debts and mortgages), the form of wealth most related to life satisfaction. In addition, cars matter less (a) in affluent societies, (b) where rail infrastructure is more developed, and (c) where people hold fewer materialistic values. We discuss these results in the framework of the functional and positional value of cars, i.e., respectively, the value derived from it regardless of others and the value derived from it vis-à-vis others.
  • Publication
    Accès libre
    Comparison of survey data on wealth in Switzerland
    Beyond income, wealth is one of most relevant components among national and international indicators of household finances. Three surveys that include Switzerland have recently integrated questions about wealth and its components. These surveys are the Swiss Household Panel -SHP- (2016), the Statistics on Income and Living Conditions -CH-SILC- (2015), and the Survey on Health, Ageing and Retirement in Europe -SHARE- (2015). Following three important criteria suggested by the Organisation for Economic Co-operation and Development (OECD), namely relevance, coherence and accuracy, this study systematically compares data on housing and financial wealth. The analysis addresses question wording, the comparison with national accounts and accuracy. Results suggest that SHARE is the most relevant survey in terms of financial wealth and total net worth. CH-SILC is a coherent survey that allows for additional analysis on subjective living conditions, while the SHP is an ecological survey in terms of the number of questions on wealth.