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Happiness, Habits and High Rank: Comparisons in Economic and Social Life
Clark, Andrew E. - Institute for the Study of Labor (IZA) - 2011
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/10009294836
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Will GDP Growth Increase Happiness in Developing Countries?
Clark, Andrew E.; Senik, Claudia - Institute for the Study of Labor (IZA) - 2011
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. Consistent with … the Easterlin paradox, higher income is always associated with higher happiness scores, except in one case: whether growth …
Persistent link: https://www.econbiz.de/10008876568
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Adaptation to Poverty in Long-Run Panel Data
Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - Institute for the Study of Labor (IZA) - 2014
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 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...
Persistent link: https://www.econbiz.de/10011094087