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ongoing discussion of the relationship between life satisfaction and income. The panel property of the data makes it possible … to study also the impact on satisfaction from income changes as well as the impact from acceleration in income and … the impact on self-reported satisfaction from a number of economic and demographic variables. The paper contributes to the …
Persistent link: https://www.econbiz.de/10008527319
: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction … income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study … with income is more affected by ex ante than by ex post volatility of income. The ordinal version of the Van Praag approach …
Persistent link: https://www.econbiz.de/10005233925
Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the … probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the … study of whether the income effect depend on a person's happiness. In this paper we pinpoint the shortcomings of standard …
Persistent link: https://www.econbiz.de/10005703632
This paper provides unheard direct evidence that comparisons exert a significant effect on subjective well-being. It also evaluates the relative importance of different types of benchmarks. Dynamic comparisons outweigh static ones. Internal benchmarks are more important than external reference...
Persistent link: https://www.econbiz.de/10005761954
and those with children. However, expectations and realizations of life satisfaction in East Germany had converged by 1995 … large shock to the future prospects of the inhabitants of the former East Germany. We therefore take it as a 'natural …
Persistent link: https://www.econbiz.de/10005233883
The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in...
Persistent link: https://www.econbiz.de/10005822858
We quantify the value of changes in life circumstances in Germany following reunification. To this end, we develop and … implement a fixed-effect estimator for ordinal life satisfaction in the German Socio-Economic Panel. We find strong negative … effects on life satisfaction from being recently fired, losing a spouse through either death or separation and time spent in …
Persistent link: https://www.econbiz.de/10005763489
neighbourhoods. This income information is matched to demographic and economic satisfaction variables from eight years of Danish ECHP … data. Panel regression analysis shows that, conditional on own household income, respondents report higher satisfaction … into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these …
Persistent link: https://www.econbiz.de/10005703535
the UK Understanding Society Innovation Panel survey. The randomised experiments relate to job, health, income, leisure … and overall life-satisfaction questions and vary the labeling of response scales, mode of interviewing, and location of … distribution of reported satisfaction measures, particularly for women. Results from the sort of conditional modeling used to …
Persistent link: https://www.econbiz.de/10011125861
This paper uses matched employer-employee panel data to show that individual job satisfaction is higher when other … workers in the same establishment are better-paid. This runs contrary to a large literature which has found evidence of income …
Persistent link: https://www.econbiz.de/10005762040