Showing 1 - 10 of 35
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
This paper examines the relationship between parenthood and life satisfaction using longitudinal data on women from the German Socio-Economic Panel. Previous studies have focused on satisfaction differences between parents and comparable childless adults, mostly finding small and often negative...
Persistent link: https://www.econbiz.de/10010604137
High parental income, while undeniably causing beneÞts for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a childÕs income aspirations and thereby reduce Þnancial satisfaction, ceteris paribus. In this paper, we...
Persistent link: https://www.econbiz.de/10005756609
Research on happiness has produced valuable insights into the sources of subjective well-being that are of importance … to economics. A major finding from this literature is that people exhibit a 'baseline' level of happiness that shows … persistent strength over time. Here we explore the extent to which baseline happiness is infl uenced by genetic variation. Using …
Persistent link: https://www.econbiz.de/10008522024
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
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
This article proposes a new class of rating scale models, which merges advantages and overcomes shortcomings of the traditional linear and ordered latent regression models. Both parametric and semi-parametric estimation is considered. The insights of an empirical application to satisfaction data...
Persistent link: https://www.econbiz.de/10008867216
Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research … happiness research is able to contribute important insights for economics. We report how the economic variables income …, unemployment and inflation affect happiness as well as how institutional factors, in particular the type of democracy and the …
Persistent link: https://www.econbiz.de/10005760911
Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...
Persistent link: https://www.econbiz.de/10005585635
Does individual well-being depend on the absolute level of income and consumption or is it relative to one's aspirations? In a direct empirical test, it is found that higher income aspirations reduce people's utility, ceteris paribus. Individual data on reported satisfaction with life are used...
Persistent link: https://www.econbiz.de/10005585648