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High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10003713639
The monopoly position of the public bureaucracy in providing public services allows government employees to acquire rents. Those rents can involve higher wages, monetary and non-monetary fringe benefits (e.g. pensions and staffing), and/or bribes. We propose a direct measure to capture the total...
Persistent link: https://www.econbiz.de/10003278945
Persistent link: https://www.econbiz.de/10002197455
Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...
Persistent link: https://www.econbiz.de/10003292059
Social norms are usually neglected in economics, because they are to a large extent enforced through non-market interactions and difficult to isolate empirically. In this paper, we offer a direct measure of the social norm to work and we show that this norm has important economic effects. The...
Persistent link: https://www.econbiz.de/10001605250
Persistent link: https://www.econbiz.de/10001944080
an economic analysis of happiness are shown and illustrated with two specific applications. The relationship between … the value of public goods. The short discussion of governmental „happiness policy“ from a constitutional viewpoint … suggests a comparative institutional analysis of subjective well-being. The happiness revolution in economics is only at its …
Persistent link: https://www.econbiz.de/10013158414
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10012714191
happiness. However, whether it is accurate is an open question. Based on individual panel data, we explore whether home buyers …
Persistent link: https://www.econbiz.de/10012827351
previously published for other countries are generally supported. Unemployment has a strongly depressing effect on happiness. A … higher income level raises happiness, however, only to a small extent. …
Persistent link: https://www.econbiz.de/10009781520