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How Well Do Individuals Predict Their Future Life Satisfaction? Rationality and Learning Following a Nationwide Exogenous Shock

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael - Research School of Economics, College of Business and … - 2003

Over recent years a number of papers have uses individual or household longitudinal survey data to investigate the rationality of income expectations. In this paper we provide a novel contribution to this literature by examining the ability of individuals to correctly predict their own future...

Persistent link: https://www.econbiz.de/10004977285

Subjective Well-Being, Income, Economic Development and Growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10008684672

Estimating The Causal Effect of Income on Health: Evidence from Post Reunification East Germany

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael - Research School of Economics, College of Business and … - 2003

In this paper we investigate if there was a causal effect of changes in current and 'permanent' income on the health of East Germans in the years following reunification. Reunification was completely unanticipated and therefore can be seen as a providing some exogenous variation, which resulted...

Persistent link: https://www.econbiz.de/10004971382

Isolation and Subjective Welfare

Fafchamps, Marcel; Shilpi, Forhad - C.E.P.R. Discussion Papers - 2006

Using detailed geographical and household survey data from Nepal, this article investigates the relationship between isolation and subjective welfare. This is achieved by examining how distance to markets and proximity to large urban centers affect responses to questions about income and...

Persistent link: https://www.econbiz.de/10005123751

Subjective Welfare, Isolation and Relative Consumption

Fafchamps, Marcel; Shilpi, Forhad - C.E.P.R. Discussion Papers - 2006

The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship in poor countries have yielded conflicting results, suggesting that the relationship is not universal or only applies above a certain income level. We revisit the issue using...

Persistent link: https://www.econbiz.de/10005792353

Happiness and the Human Development Index: Australia is NOT a Paradox

Leigh, Andrew; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006

In 'Happiness and the Human Development Index: The Paradox of Australia,' Blanchflower and Oswald (2005) observe an apparent puzzle: they claim that Australia ranks highly in the Human Development Index (HDI), but relatively poorly in happiness. However, when we compare their happiness data with...

Persistent link: https://www.econbiz.de/10005136466

Happiness and the Human Development Index: Australia is Not a Paradox

Leigh, Andrew; Wolfers, Justin - Research School of Economics, College of Business and … - 2005

In “Happiness and the Human Development Index: The Paradox of Australia,” Blanchflower and Oswald (2005) observe an apparent puzzle: they claim that Australia ranks highly in the Human Development Index (HDI), but relatively poorly in happiness. However, when we compare their happiness data...

Persistent link: https://www.econbiz.de/10005032820

Socio-Economic Status, Health Shocks, Life Satisfaction and Mortality: Evidence from an Increasing Mixed Proportional Hazard Model

Frijters, Paul; Haisken-DeNew, John; Shields, Michael - Research School of Economics, College of Business and … - 2005

The socio-economic gradient in health remains a controversial topic in economics and other social sciences. In this paper we develop a new duration model that allows for unobserved persistent individual-specific health shocks and provides new evidence on the roles of socio-economic...

Persistent link: https://www.econbiz.de/10004968009

Gun Prevalence, Homicide Rates and Causality: A GMM Approach to Endogeneity Bias

Kleck, Gary; Kovandzic, Tomislav; Schaffer, Mark E - C.E.P.R. Discussion Papers - 2005

unlike nearly all previous such studies, we properly account for the endogeneity of gun ownership levels. We discuss the … three main sources of endogeneity bias - reverse causality (higher crime rates lead people to acquire guns for self …-protection), mismeasurement of gun levels, and omitted/confounding variables - and show how the Generalized Method of Moments (GMM) can provide an …

Persistent link: https://www.econbiz.de/10005123831

Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey

Dohmen, Thomas J; Falk, Armin; Huffman, David; Schupp, … - C.E.P.R. Discussion Papers - 2006

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...

Persistent link: https://www.econbiz.de/10005123605

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