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empirical test of this assumption. Our matching-based estimation reveals satisfaction trajectories of women who experience the …-reported satisfaction measures from a long-running German panel survey, the Socio-Economic Panel Study (SOEP), the present study conducts an … death of their spouse and identifies the causal effect of widowhood. The average level of satisfaction in a control group of …
Persistent link: https://www.econbiz.de/10008826563
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
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
Persistent link: https://www.econbiz.de/10001972641
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
Based on six harmonized cross-sections of the German Sample Survey of Income and Expenditure, we study inter-temporal changes in poverty from year 1978 to 2003. Results are decomposed by region and household types, and the bootstrap method is applied to test for the statistical significance of...
Persistent link: https://www.econbiz.de/10009267905
Persistent link: https://www.econbiz.de/10002748568
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
Persistent link: https://www.econbiz.de/10001972729
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