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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
The literature on Happiness and Subjective Well-Being (SWB) has been dominated by studies of the impact from income and labour market status - and the impact on happiness from changes in these determinants. It seems obvious to expect an impact from non-economic factors as well. In the present...
Persistent link: https://www.econbiz.de/10010778778
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
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
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
reference to measure the degree of adaptation to widowhood. In the second step, the life satisfaction trajectories of both … would benefit women. Using life satisfaction data from the German Socio-Economic Panel Study (SOEP), we conduct an empirical … generate a control group of non-widowed women. The average level of life satisfaction in the control group serves as a …
Persistent link: https://www.econbiz.de/10008517984
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
psychological importance of relative concerns and adaptation. The available evidence contains two important lessons: income … comparisons do seem to affect subjective well-being, even in very poor countries; however, adaptation may be more of a rich … thresholds. Such regime changes are visible to the eye through the lens of subjective satisfaction measures. The case of …
Persistent link: https://www.econbiz.de/10008876568
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 contemporaneous poverty. We then reveal that there is little evidence …
Persistent link: https://www.econbiz.de/10011094087
satisfaction is negative just before the implementation and positive afterward. Last, I find evidence that smokers do not favor the …
Persistent link: https://www.econbiz.de/10011163480