“Deprivation, Social Exclusion and Subjective Well-Being”

This paper aims at investigating empirically the relationship between selfdeclared satisfaction with life and an individual’s well-being as measured by the indices of deprivation and social exclusion proposed in the income distribution literature. Results on European countries show that life satisfaction decreases with an increase in deprivation and exclusion after controlling for individual’s income, relative income and other influential factors in a multivariate setting.