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Well-Being over the Life Span: Semiparametric Evidence from British and German Longitudinal Data
Wunder, Christoph; Wiencierz, Andrea; Schwarze, Johannes; … - In: The Review of Economics and Statistics 95 (2013) 1, pp. 154-167
This paper applies semiparametric regression models using penalized splines to investigate the profile of well-being over the life span. Using data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel Study (SOEP), the analysis shows a common, and quite similar,...
Persistent link: https://www.econbiz.de/10011010028
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Does subjective well-being dynamically adjust to circumstances?
Wunder, Christoph - In: Economics Letters 117 (2012) 3, pp. 750-752
This paper introduces a simple model to estimate the dynamic adjustment of subjective well-being that results from an updating of expectations in response to changing circumstances. Empirical evidence indicates that adjustment takes place within a relatively short window of time.
Persistent link: https://www.econbiz.de/10010594149
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A test for the convexity of human well-being over the life cycle: Longitudinal evidence from a 20-year panel
Van Landeghem, Bert - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 571-582
A huge cross-section literature, written by economists and others, argues that human well-being is U-shaped through the life cycle. In many cases this U-shape is robust (with a well-known exception the pattern evident in some U.S. data sets if few independent variables are included). However, a...
Persistent link: https://www.econbiz.de/10010573091
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Income Distribution and Subjective Happiness: A Survey
Senik, Claudia - Directorate for Employment, Labour and Social Affairs … - 2009
This survey summarises the insights that the new literature based on subjective data has shed on the issue of income inequality and income comparisons. It reviews the various channels that relate income distribution and subjective well-being. It considers the welfare effect of income gaps in...
Persistent link: https://www.econbiz.de/10008497892
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What do happiness and health satisfaction data tell us about relative risk aversion?
Gandelman, Néstor; Hernández-Murillo, Rubén - In: Journal of Economic Psychology 39 (2013) C, pp. 301-312
In this paper we provide estimates of the coefficient of relative risk aversion using information on self-reports of subjective personal well-being from multiple datasets, including three cross-sectional surveys and two panel surveys, namely the Gallup World Poll, the European Social Survey, the...
Persistent link: https://www.econbiz.de/10011051396
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Personality and the marginal utility of income: Personality interacts with increases in household income to determine life satisfaction
Boyce, Christopher J.; Wood, Alex M. - In: Journal of Economic Behavior & Organization 78 (2011) 1, pp. 183-191
Economics implicitly assumes that the marginal utility of income is independent of an individual's personality. We show … that this is wrong. This is the first demonstration that there are strong personality–income interactions. In an analysis … use of financial incentives to influence behavior. In the future, public policy may benefit from being personality-specific. …
Persistent link: https://www.econbiz.de/10010576948
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Adaptation to Income over Time: A Weak Point of Subjective Well-Being
Wunder, Christoph - In: Schmollers Jahrbuch : Journal of Applied Social Science … 129 (2009) 2, pp. 269-281
This article holds the view that intertemporal comparisons of subjective well-being measures are only meaningful when the underlying standards of judgment are unaltered. This is a weak point of such measures. The study investigates the change in the satisfaction judgments resulting from...
Persistent link: https://www.econbiz.de/10008611486
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The Course of Subjective Well-Being over the Life Cycle
Landeghem, Bert G.M. Van - In: Schmollers Jahrbuch : Journal of Applied Social Science … 129 (2009) 2, pp. 261-267
This paper deals with the relationship between subjective well-being and ageing in the German Socio-Economic Panel (SOEP). The baseline results confirm the U-shaped relationship between life satisfaction and age, which has been found in many case studies by economists and others. Furthermore,...
Persistent link: https://www.econbiz.de/10008611497
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How well do individuals predict their future life satisfaction? Evidence from panel data following a nationwide exogenous shock
Frijters, Paul; Greenwell, Harry; Haisken-DeNew, John P.; … - In: Canadian Journal of Economics 42 (2009) 4, pp. 1326-1346
expectations. Some evidence of micro-heterogeneity in the prediction errors is found by age and education. For West Germans, we …
Persistent link: https://www.econbiz.de/10008626002
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Does self-employment contribute to national happiness?
Harbi, Sana El; Grolleau, Gilles - In: Journal of Behavioral and Experimental Economics … 41 (2012) 5, pp. 670-676
Recent studies showed that self-employment impacts individual happiness either positively or negatively. Rather than considering the happiness effects at the individual level, we assess whether self-employment effects spread and impact the domestic happiness beyond the involved individuals. We...
Persistent link: https://www.econbiz.de/10010580761