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The Organization of Firms Across Countries

Bloom, Nick; Sadun, Raffaella; Reenen, John Van - Centre for Economic Performance, LSE - 2009

We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of … Corporate Headquarters to local plant managers in almost 4,000 firms in the United States, Europe, and Asia. We find that firms … headquartered in high trust regions are more likely to decentralize, with trust accounting for about half of the variation in …

Persistent link: https://www.econbiz.de/10005256468

Lags and Leads in Life Satisfaction: A Test of the Baseline Hypothesis

Clark, Andrew E.; Diener, Ed; Georgellis, Yannis; … - Centre for Economic Performance, LSE - 2007

We look for evidence of habituation in twenty waves of German panel data: do individuals, after life and labour market events, tend to return to some baseline level of well-being? Although the strongest life satisfaction effect is often at the time of the event, we find significant lag and lead...

Persistent link: https://www.econbiz.de/10005150998

Genes, Economics and Happiness

Christakis, Nicholas A.; Neve, Jan-Emmanuel De; Fowler, … - Centre for Economic Performance, LSE - 2012

A major finding from research into the sources of subjective well-being is that individuals exhibit a "baseline" level of happiness. We explore the influence of genetic variation by employing a twin design and genetic association study. We first show that about 33% of the variation in happiness...

Persistent link: https://www.econbiz.de/10009650460

Moving Up and Sliding Down: An Empirical Assessment of the Effect of Social Mobility on Subjective Wellbeing

Dolan, Paul; Lordan, Grace - Centre for Economic Performance, LSE - 2013

Many people remain in the same income group as their parents and this is a cause of much discussion and some concern. In this work, we examine how intergenerational mobility affects subjective wellbeing (SWB) using the British Cohort Study. Our SWB measures encapsulate life satisfaction and...

Persistent link: https://www.econbiz.de/10010610736

Comparing Willingness-to-Pay and Subjective Well-Being in the Context of Non-Market Goods

Dolan, Paul; Metcalfe, Robert - Centre for Economic Performance, LSE - 2008

In order to value non-market goods, economists estimate individuals' willingness to pay (WTP) for these goods using revealed or stated preference methods. We compare these conventional approaches with subjective well-being (SWB), which is based on individuals' ratings of their happiness or life...

Persistent link: https://www.econbiz.de/10005796133

The Marginal Utility of Income

Layard, Richard; Mayraz, Guy; Nickell, Stephen - Centre for Economic Performance, LSE - 2007

In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...

Persistent link: https://www.econbiz.de/10005796149

Life Satisfaction and Relative Income: Perceptions and Evidence

Mayraz, Guy; Schupp, Jürgen; Wagner, Gert G. - Centre for Economic Performance, LSE - 2009

Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...

Persistent link: https://www.econbiz.de/10005037456

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

Schwandt, Hannes - Centre for Economic Performance, LSE - 2013

A large literature in behavioral and social sciences has found that human wellbeing follows a U-shape over age. Some theories have assumed that the U-shape is caused by unmet expectations that are felt painfully in midlife but beneficially abandoned and experienced with less regret during old...

Persistent link: https://www.econbiz.de/10010679656

What Can Life Satisfaction Data Tell Us About Discrimination Against Sexual Minorities? A Structural Equation Model for Australia and the United Kingdom

Powdthavee, Nattavudh; Wooden, Mark - Centre for Economic Performance, LSE - 2014

Very little is known about how the differential treatment of sexual minorities could influence subjective reports of overall well-being. This paper seeks to fill this gap. Data from two large surveys that provide nationally representative samples for two different countries - Australia (the...

Persistent link: https://www.econbiz.de/10010775217

Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects

Neve, Jan-Emmanuel De; Oswald, Andrew J. - Centre for Economic Performance, LSE - 2012

The question of whether there is a connection between income and psychological well-being is a long-studied issue across the social, psychological, and behavioral sciences. Much research has found that richer people tend to be happier. However, relatively little attention has been paid to...

Persistent link: https://www.econbiz.de/10010592543