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

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

of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a … happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income … comparisons in determining happiness. …

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

The Paradox of Declining Female Happiness

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2009

that measures of subjective well-being indicate that women’s happiness has declined both absolutely and relative to men …-being, and is pervasive across demographic groups and industrialized countries. Relative declines in female happiness have eroded … a gender gap in happiness in which women in the 1970s typically reported higher subjective well-being than did men …

Persistent link: https://www.econbiz.de/10005036241

Subjective and Objective Indicators of Racial Progress

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

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...

Persistent link: https://www.econbiz.de/10011084479

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

What is the Top Priority on Climate Change?

Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

talk to the Potsdam Global Sustainability Symposium (which drafted the Potsdam Declaration presented to the 2007 UN Climate …

Persistent link: https://www.econbiz.de/10005123837

Beyond GDP and Back: What is the Value-added by Additional Components of Welfare Measurement?

Kassenboehmer, Sonja C; Schmidt, Christoph M - C.E.P.R. Discussion Papers - 2011

Building on the Stiglitz report, a growing literature suggests to explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective perceptions. To explore the additional information of these indicators, we analyze...

Persistent link: https://www.econbiz.de/10008854482

Private Provision of Public Goods and Information Diffusion in Social Groups

Scharf, Kimberley - C.E.P.R. Discussion Papers - 2011

We describe a model of fundraising in social groups, where private information about quality of provision is transmitted by social proximity. Individuals engage in voluntary provision of a pure collective good that is consumed by both neighbors and non-neighbors. We show that, unlike in the case...

Persistent link: https://www.econbiz.de/10009320406

Good rankings are bad - Why reliable rankings can hurt consumers

Bouton, Laurent; Kirchsteiger, Georg - C.E.P.R. Discussion Papers - 2011

Ranking have become increasingly popular on markets for study programs, restaurants, wines, cars, etc. This paper analyses the welfare implication of such rankings. Consumers have to make a choice between two goods of unknown quality with exogenous presence or absence of an informative ranking....

Persistent link: https://www.econbiz.de/10009385758

Who Owns Children and Does it Matter?

Schoonbroodt, Alice; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2010

Is there an economic rationale for pronatalist policies? In this paper we propose and analyze a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The friction we investigate is related to the ownership of...

Persistent link: https://www.econbiz.de/10008468613

Limits of Arbitrage: The State of the Theory

Gromb, Denis; Vayanos, Dimitri - C.E.P.R. Discussion Papers - 2010

We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs faced by arbitrageurs can prevent them from eliminating mispricings and providing liquidity to other investors. Research in this area is currently evolving into a broader...

Persistent link: https://www.econbiz.de/10008530340