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individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction …-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare …. Micro-econometric life satisfaction functions are estimated taking into account environmental conditions along with income …
Persistent link: https://www.econbiz.de/10008574588
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
Obesity has become a major health issue. Research in economics has provided important insights as to how technological progress reduced the relative price of food and contributed to the increase in obesity. However, the increased availability of food might well have overstrained will power and...
Persistent link: https://www.econbiz.de/10005822806
The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision making among individuals aged 50 and older. Using the...
Persistent link: https://www.econbiz.de/10011105080
The existence of compensating differentials in Russian labor and housing markets is examined using data from the Russian Longitudinal Monitoring Survey (RLMS) augmented by city and regional-specific characteristics from other sources. While Russia is undergoing transition to a market economy, we...
Persistent link: https://www.econbiz.de/10005763711
In general child care subsidies are widely accepted as a means to create equal chances for mothers in the labour market as well as for children. Although there is a general consensus that the use of child care should be publicly supported, there is no consensus on how this should be done....
Persistent link: https://www.econbiz.de/10005703636
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …
Persistent link: https://www.econbiz.de/10008682244
: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction …
Persistent link: https://www.econbiz.de/10005233925
satisfaction; job satisfaction; and life satisfaction. We account for interdependence within the family using data on partnered men … and women from the British Household Panel Survey. We find that men have the highest hours-of-work satisfaction if they … work full-time without overtime hours but neither their job satisfaction nor their life satisfaction are affected by how …
Persistent link: https://www.econbiz.de/10005763798
the impact on self-reported satisfaction from a number of economic and demographic variables. The paper contributes to the … 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 …
Persistent link: https://www.econbiz.de/10008527319