Showing 1 - 10 of 27
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective well-being. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10010884223
We look for evidence of adaptation in well-being to major life events using eighteen waves of British panel data …. Adaptation to marriage, divorce, birth of a child and widowhood appears to be rapid and complete, whereas this is not the case … functioning. As such, the phenomenon of adaptation may be a general one, rather than being only found in German data or using …
Persistent link: https://www.econbiz.de/10011279372
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...
Persistent link: https://www.econbiz.de/10010635588
Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This … on to exhibit recovery in mental wellbeing. Adaptation to severe disability, however, is shown to be incomplete. The …
Persistent link: https://www.econbiz.de/10005703631
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005703642
This paper addresses the question of when and to what extent individuals are affected by major positive and negative life events, including changes in financial situation, marital status, death of child or spouse and being a victim of crime. The key advantage of our data is that we are able to...
Persistent link: https://www.econbiz.de/10005822547
reference to measure the degree of adaptation to widowhood. In the second step, the life satisfaction trajectories of both …
Persistent link: https://www.econbiz.de/10008517984
This paper argues that climate change poses two distinct, if related, sets of challenges for poor rural households: challenges related to the increasing frequency and severity of weather shocks and challenges related to long-term shifts in temperature, rainfall patterns, water availability, and...
Persistent link: https://www.econbiz.de/10010734762
may explain the fertility behavior of first generation immigrants; namely, selection, disruption and adaptation. The …
Persistent link: https://www.econbiz.de/10010744661
freedom of choice, low levels of democratization, unemployment, low income, etc. Second, considering people's adaptation to … human well-being and the phenomenon of adaptation. Many challenges, of course, remain. First, we are only at the beginning … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010764588