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The New Stylized Facts about Income and Subjective Well-Being
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - CESifo - 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/10010877842
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Wages, Rents, Unemployment, and the Quality of Life
Wrede, Matthias - CESifo - 2012
Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of life when wages, rents, and unemployment risk compensate for local amenities and disamenities. In particular, the paper shows for quasi-linear utility that the effects of any...
Persistent link: https://www.econbiz.de/10010546957
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Honeybee Economics - Implications for Ecology Policy
Kanniainen, Vesa; Lehtonen, Tuula; Mellin, Ilkka - CESifo - 2013
For thousands of years, humans have known the value of honeybees in agriculture. Their pollination services are crucial for the mankind, the Global ecosystem and food production. The recently documented decline of the honeybee colonies in the world is alarming and may threaten the whole living...
Persistent link: https://www.econbiz.de/10010640654
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - CESifo - 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/10008671708
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Maintaining One's Living Standard at Old Age: What Does that Mean? Evidence Using Panel Data from Germany
Dudel, Christian; Ott, Notburga; Werding, Martin - CESifo - 2013
replacement rate vis-à-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income …
Persistent link: https://www.econbiz.de/10010643338