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The causes of people’s political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party and to become less...
Persistent link: https://www.econbiz.de/10010757446
Determining the relation between life satisfaction and aggregate income at country level has been problematic, because … individual life satisfaction and GDP. An almost identical result is found when the relationship between aggregate income of … discuss possible explanations of the hump shaped pattern linked to external effects of the aggregate income on life …
Persistent link: https://www.econbiz.de/10010862685
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010862693
The causes of people’s political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party and to become less...
Persistent link: https://www.econbiz.de/10011144209
Persistent link: https://www.econbiz.de/10005368665
Persistent link: https://www.econbiz.de/10005479329
This paper studies utility interdependence in the laboratory. We design an experiment where subjects can reduce ("burn") other subjects' money. Those who burn the money of others have to give up some of their own cash. Despite this cost, and contrary to the assumptions of economics textbooks,...
Persistent link: https://www.econbiz.de/10005583019
values of the estimated price and income elasticities, has failed to provide a full account. It is necessarily also to look …
Persistent link: https://www.econbiz.de/10005583049
We consider renegotiation of social earnings insurance arrangements by majority voting in an economy where ex-ante identical individuals make unobservable private investments in education. We show that voting-based renegotiation can result in a higher expected level of investment in comparison...
Persistent link: https://www.econbiz.de/10005178308
Persistent link: https://www.econbiz.de/10005178313