Showing 1 - 10 of 171
inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain … to reported happiness. We find some evidence of such bias, but it is small-yielding a new estimated elasticity of 1 …
Persistent link: https://www.econbiz.de/10005018703
While most studies on wealth inequality focus on the inequality between households, this paper examines the …
Persistent link: https://www.econbiz.de/10010896274
Welfare-oriented analyses of economic outcome measures such as income and wealth generally rest on the assumption of … definition of the aggregation unit and by controlling its effect on distribution and inequality analysis. We find empirical …
Persistent link: https://www.econbiz.de/10005018748
This paper asks whether the gap in subjective happiness between spouses matters per se, i.e. whether it predicts divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we find that a higher satisfaction gap, even in the first...
Persistent link: https://www.econbiz.de/10008474603
's mean welfare level, does not exist, on principle, in the decomposition approach. Present author's own calculations reveal …'s and overall welfare levels, at a plausible degree of economies of scale (i. e., Buhmann et al.'s · > 0.65) the poverty …
Persistent link: https://www.econbiz.de/10009147485
In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from the German Socio-Economic Panel and the British...
Persistent link: https://www.econbiz.de/10009399840
Income as the traditional one dimensional measure in well-being and poverty analyses is extended in recent studies by a multidimensional poverty concept. Though this is certainly a progress, however, two important aspects are missing: time as an important dimension and the interdependence of the...
Persistent link: https://www.econbiz.de/10008479308
-monetary income advantages arising from home production and analyse their impact on economic inequality. As an alternative to existing … choice of method. Although the substantive notion of reduced inequality is stable, the degree of variation in our findings …
Persistent link: https://www.econbiz.de/10005018735
. Nevertheless, little is known about this phenomenon. I analyze the sharing of income among household partners from a welfare … satisfaction within couples are generally small. However, satisfaction is not a direct measure of welfare. Forthis reason …
Persistent link: https://www.econbiz.de/10009149132
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010896265