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Decentralization, Happiness, and the Perception of Institutions

Diaz-Serrano, Luis; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011

Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses … the level of satisfaction with political and economic institutions and with the education and health systems, whereas the …

Persistent link: https://www.econbiz.de/10009001061

Subjective Well-Being, Income, Economic Development and Growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2010

most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …

Persistent link: https://www.econbiz.de/10008684672

The New Stylized Facts About Income and Subjective Well-Being

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Persistent link: https://www.econbiz.de/10011083711

Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2008

The "Easterlin paradox" suggests that there is no link between a society’s economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...

Persistent link: https://www.econbiz.de/10005667028

Interpreting the 'One Big Wave' in US Long-Term Productivity Growth

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

mysterious doubling in the ratio of output to capital input when the postwar era is compared with 1870-1929. Measurement … the measurement of capital. A new MFP series taking account of all these adjustments grows more slowly throughout, and the …

Persistent link: https://www.econbiz.de/10005124204

The Mirage of Convergence: Why Poor Countries May Only Seem to Be Closing the Income Gap

Filer, Randall K; Hajkova, Dana; Hanousek, Jan - C.E.P.R. Discussion Papers - 2004

Replication of two recent studies of growth determinants shows that results are sensitive to the choice of data from which growth rates are calculated, especially with respect to whether economic convergence has occurred. Previous warnings against using data that has been adjusted to increase...

Persistent link: https://www.econbiz.de/10005656283

On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations

Chen, Natalie; Novy, Dennis - C.E.P.R. Discussion Papers - 2012

In this article, we review the literature on the measurement of trade costs in international trade with a special …

Persistent link: https://www.econbiz.de/10011083427

New Estimates of British Unemployment, 1870-1913

Boyer, George; Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2001

Existing estimates of the annual unemployment rate from 1870 to 1913 were constructed by the Board of Trade, initially in 1888, and updated thereafter. This is still the series which is widely used and cited. It is based on records of the number unemployed in various trade unions and it has a...

Persistent link: https://www.econbiz.de/10005666759

Money and Happiness: Evidence from the Industry Wage Structure

Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2011

There is a well-established positive correlation between life-satisfaction measures and income in individual level … random. To probe the validity of these assumptions, I compare estimates for life satisfaction with those for job satisfaction …

Persistent link: https://www.econbiz.de/10009643510

Competition and Well-Being

Brandts, Jordi; Riedl, Arno; Winden, Frans A.A.M. van - C.E.P.R. Discussion Papers - 2006

This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...

Persistent link: https://www.econbiz.de/10005123778