This study investigates the determinants of economists' life satisfaction. The analysis is based on a survey of professional, mostly academic economists from European countries and beyond. We find that certain features of economists' professional situation influence their well-being. Happiness...

People not only obtain utility from actual outcomes but also from the conditions which lead to these outcomes. Procedural utility and outcome utility and outcome utility can be distinguished and empirically measured. People gain procedural utility from participating in the political...

Why so many people pay their taxes, even though fines and audit probability are low, is a central question in the tax compliance literature. Positing a homo economicus having a refined motivation structure sheds light on this puzzle. This paper provides empirical evidence for the relevance of...

The development of the constitution must be based on the rule of law. Direct democratic rights allow citizens to participate in the amendment process. The direct democratic process of institutional change is theoretically and empirically analyzed. A number of counter arguments and issues for a...

States are ill equipped to meet the challenges of a globalized world. The concept of citizenship with its rights and obligations, including the allegiance owed, is too narrowly defined to exist only between individuals and a state. Today, people identify with, and pay allegiance to, many...

Many studies have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. However, behavioral evidence is rare. This paper provides an empirical analysis on how...