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Analyses of self-reported-well-being (SWB) survey data may be confounded if people use response scales differently. We use calibration questions, designed to have the same objective answer across respondents, to measure dimensional (i.e., specific to an SWB dimension) and general (i.e., common...
Persistent link: https://www.econbiz.de/10014372485
globalized world where international transfers of capital and property rights can have enormous effects on GDP, such as the 26 …In March 2020, the International Comparison Project published its latest results, for the calendar year 2017. This … inequality, even as it increases inequality within countries. We emphasize things that GDP cannot do, some familiar--like its …
Persistent link: https://www.econbiz.de/10012482396
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 …
Persistent link: https://www.econbiz.de/10012462215
endogenous variables. However, when one examines the three 'global' wellbeing metrics - happiness, life satisfaction and Cantril …-country surveys from 167 countries across the world, two US surveys covering multiple years and a survey for Canada. We find women … varies little over time. The difference does not seem to arise from measurement or seasonality as the variables are taken …
Persistent link: https://www.econbiz.de/10014287313
Happiness Report from the Gallup World Poll shifted much in response to negative shocks. The HDI has been rising in the last …' expectations of the economy and the labor market. Neither the UN's Human Development Index (HDI) nor data used in the World …, although it fell slightly after 2020 as life expectancy dipped. This secular improvement is mirrored in life satisfaction which …
Persistent link: https://www.econbiz.de/10014322884
GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We … growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income …
Persistent link: https://www.econbiz.de/10012463450
"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The … traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of … that differences between real GDP measured from the expenditure and output-side can be substantial, especially for small …
Persistent link: https://www.econbiz.de/10010522867
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The … traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of … that differences between real GDP measured from the expenditure and output-side can be substantial, especially for small …
Persistent link: https://www.econbiz.de/10012467823
Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...
Persistent link: https://www.econbiz.de/10014512040
We examine the effects of an unconditional cash transfer on the economic wellbeing (material hardship, ability to meet needs, money on hand, use of friends and family for assistance, and employment) of families and children with very low incomes. We use a parameterized difference-in-differences...
Persistent link: https://www.econbiz.de/10013435095