Showing 1 - 10 of 19
an economic analysis of happiness are shown and illustrated with two specific applications. The relationship between … the value of public goods. The short discussion of governmental „happiness policy“ from a constitutional viewpoint … suggests a comparative institutional analysis of subjective well-being. The happiness revolution in economics is only at its …
Persistent link: https://www.econbiz.de/10004979381
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative … superiority of the continuous scale. Results raise doubts about earlier inferences drawn on correlates of happiness. So far only … self-assessed discrete happiness data have been used for research into the determinants of happiness. However, distribution …
Persistent link: https://www.econbiz.de/10010817260
happiness in a large Dutch internet panel survey. We find that slower responses and higher cognitive effort reduce reported … happiness. Moreover, in multivariate happiness equations, these factors moderate the estimated effect of income on happiness …, while no interaction effects are found for other determinants of happiness. As a consequence, relative marginal effects may …
Persistent link: https://www.econbiz.de/10010817289
together with a review of various important findings from social perception studies (minimum income, happiness, subjective …
Persistent link: https://www.econbiz.de/10005585638
The measurement of individual happiness challenges the notion that revealed preferences only reliably and empirically … includes concepts like experience and procedural utility. Micro- and macroeconometric happiness functions offer new insights on … determinants of life satisfaction. However, one should not leap to the conclusion that happiness should be maximised, as was …
Persistent link: https://www.econbiz.de/10005627824
estimating individuals’ utility losses using life satisfaction or happiness data is presented. This paper also discusses a …
Persistent link: https://www.econbiz.de/10005627882
Volunteering constitutes one of the most important pro-social activities. Following Adam Smith, helping others is the way to higher individual well-being. This view contrasts with the selfish utility maximizer who avoids costs from helping others. The two rival views are studied empirically. We...
Persistent link: https://www.econbiz.de/10005627901
Cross-disciplinary ‘happiness research’ has made big progress in the measurement of individual welfare. This … development makes it tempting to pursue the old dream of maximizing aggregate happiness as a social welfare function. However, we … postulate that the appropriate approach is not to maximize aggregate happiness in seeking to improve outcomes by direct policy …
Persistent link: https://www.econbiz.de/10005627967
We discuss regression models for ordered responses, such as ratings of bonds, schooling attainment, or measures of subjective well-being. Commonly used models in this context are the ordered logit and ordered probit regression models. They are based on an underlying latent model with single...
Persistent link: https://www.econbiz.de/10005819670
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with...
Persistent link: https://www.econbiz.de/10005819675