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In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the … empirical association between income and life satisfaction is approximately log-linear. I show that the solution is … satisfaction curve is uninformative about human behavior driven by referencedependent utility. In particular, the hypothesis that …
Persistent link: https://www.econbiz.de/10009784194
In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the … empirical association between income and life satisfaction is approximately log-linear. I show that the solution is …-life satisfaction curve is uninformative about human behavior driven by reference-dependent utility. In particular, the hypothesis that …
Persistent link: https://www.econbiz.de/10013077498
own consumption and do not compare themselves with others. I derive a condition under which the utility (happiness) of …
Persistent link: https://www.econbiz.de/10010319217
own consumption and do not compare themselves with others. I derive a condition under which the utility (happiness) of …
Persistent link: https://www.econbiz.de/10010954400
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …
Persistent link: https://www.econbiz.de/10009747819
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence … presented in Stevenson and Wolfers (2008, BROOKINGS PAP ECO AC), we now count three exceptions supporting Easterlin s happiness …
Persistent link: https://www.econbiz.de/10010338942
In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the … empirical association between income and life satisfaction is approximately log-linear. I show that the solution is … satisfaction curve is uninformative about human behavior driven by referencedependent utility. In particular, the hypothesis that …
Persistent link: https://www.econbiz.de/10010319216
In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the … empirical association between income and life satisfaction is approximately log-linear. I show that the solution is … satisfaction curve is uninformative about human behavior driven by referencedependent utility. In particular, the hypothesis that …
Persistent link: https://www.econbiz.de/10010954285
In this paper we study the relation between pensions and financial intermediation in an overlapping generations model with Schumpeterian growth and consumption shocks. We show that a financial intermediary may be unable to adequately isolate consumers from the shocks making a funded pension...
Persistent link: https://www.econbiz.de/10012913854
endogeneity of non-market amenity placement in revealed preference studies. The life satisfaction approach offers a Hicksian …
Persistent link: https://www.econbiz.de/10012892015