Showing 1 - 10 of 80
This paper aims to analyze learning as a two-type process. A dynamic equilibrium process represents a stable learning process, that may express an individualistic behavioral learning or an organizational adaptation. A teleological process represents an intentional, goal-oriented, learning...
Persistent link: https://www.econbiz.de/10010750849
plausible conditions offer alternative explanations of households' location by income within a city. These include the existence …
Persistent link: https://www.econbiz.de/10010633192
There is now a great deal of micro-econometric evidence, both cross-section and panel, showing that income is … measures of utility, and resolve the Easterlin paradox by appealing to income comparisons: these can be to others (social …
Persistent link: https://www.econbiz.de/10010738736
This research tested the idea that lack of material resources (e.g., low income) causes people to make harsher moral … behavior. Consistent with this idea, a large cross-cultural survey (Study 1) found that both chronic (low income) and … stronger for low-income individuals, whom inflation renders relatively more vulnerable. A follow-up experiment (Study 2) caused …
Persistent link: https://www.econbiz.de/10010738761
We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on self-assessed overall health, but a significant positive effect …
Persistent link: https://www.econbiz.de/10010738772
This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of … available international evidence pertaining to the relationship between income growth and subjective well-being. Conforming to … the Easterlin paradox, higher income always correlates with higher happiness, except in one case: whether national income …
Persistent link: https://www.econbiz.de/10010738855
We consider the link between poverty and subjective well-being, and focus in particular on the role of time. We use panel data on 42,500 individuals living in Germany from 1992 to 2010 to uncover four empirical relationships. First, life satisfaction falls with both the incidence and intensity...
Persistent link: https://www.econbiz.de/10010739011
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 45,800 individuals living in Germany from 1992 to 2011 to show first that life satisfaction falls with both the incidence and intensity of...
Persistent link: https://www.econbiz.de/10010739092
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010739114
disaggregated French panel data from 2003 to 2006. It incorporates household price responsiveness that differs across income groups …
Persistent link: https://www.econbiz.de/10008793313