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concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i …-being depending more on relative satisfaction than on absolute levels of income. This finding holds even after controlling for other …
Persistent link: https://www.econbiz.de/10002390091
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Does happiness vary with age? The evidence is inconclusive. Some studies show happiness to increase with age (Diener et … Christian, 1998; Blanchflower and Oswald, 2008) or highest happiness levels occurring during middle age (Easterlin, 2006 … and cohorteffects. Secondly, all empirical research lacks a theoretical explanation as to why age affects happiness. The …
Persistent link: https://www.econbiz.de/10011636115
groupsare most detrimental to life satisfaction? The analysis is based on data from the 2008 and 2009 pretest modules of the …. The consequences of such comparisons for life satisfaction prove to be negative: the more importance an individual … attaches to income comparisons with reference groups, the lower his or her life satisfaction. Income relative to neighbors and …
Persistent link: https://www.econbiz.de/10008826564
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This paper explores whether more generous social spending polices in fact lead to less income inequality, or if redistributive outcomes are offset by behavioral disincentive effects. To account for the inherent endogeneity of social policies with regard to inequality levels, I apply the System...
Persistent link: https://www.econbiz.de/10008827068
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This paper investigates the link between the optimal level of non-financial firms' leverage and macroeconomic uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as macroeconomic uncertainty increases the firm will decrease its optimal level of...
Persistent link: https://www.econbiz.de/10002243165