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attitudes towards the income distribution in a society: the normative and the comparative view. The first can be thought of as …We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the … the individual's disinterested evaluation of income inequality; on the contrary, the second view reflects self …
Persistent link: https://www.econbiz.de/10011105408
Long term trends in happiness and income are not related; short term fluctuations in happiness and income are …
Persistent link: https://www.econbiz.de/10010660253
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010705552
We use personality traits to better understand the relationship between income and life satisfaction. Personality … traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … usually observed concavity of the relationship: individuals with a higher neuroticism score enjoy extra income more than those …
Persistent link: https://www.econbiz.de/10011168446
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …
Persistent link: https://www.econbiz.de/10010959826
with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany … countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …
Persistent link: https://www.econbiz.de/10005763522
by testing if more satisfied people live longer. Our results clearly confirm the importance of income, education and … marriage as important factors in determining longevity. For example, a one-log point increase in real household monthly income …
Persistent link: https://www.econbiz.de/10005763630
Over the last decades, empirical research on subjective well-being in the social sciences has provided a major new stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported subjective wellbeing is often taken as a proxy measure for...
Persistent link: https://www.econbiz.de/10008529124
In "Happiness and the Human Development Index: The Paradox of Australia," Blanchflower and Oswald (2005) observe an apparent puzzle: they claim that Australia ranks highly in the Human Development Index (HDI), but relatively poorly in happiness. However, when we compare their happiness data with...
Persistent link: https://www.econbiz.de/10005566588
The accepted view among psychologists and economists alike is that household income has statistically significant but … only small effects on measures of subjective well-being. Income, however, is clearly an imperfect measure of the economic … circumstances of households. Using data drawn from the 2001 and 2002 waves of the Household, Income and Labour Dynamics in Australia …
Persistent link: https://www.econbiz.de/10005700880