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life satisfaction, reference income exerts a negative effect on individual well-being, a result consistent with the …Using data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find … that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and …
Persistent link: https://www.econbiz.de/10013316734
Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered response models, which are commonly used to analyze such data, suffer from a fundamental identification problem. Their conclusions depend on unjustified assumptions about the...
Persistent link: https://www.econbiz.de/10014358107
We examine the differential effects of COVID-19 and related restrictions on individuals with dependent children in Germany. We specifically focus on the role of school and day care center closures, which may be regarded as a “disruptive exogenous shock” to family life. We make use of a novel...
Persistent link: https://www.econbiz.de/10012825395
In most research on Life Satisfaction (LS), it is assumed that the covariates of high and low LS are the same for …
Persistent link: https://www.econbiz.de/10012908666
study the effect of grandparents looking after grandchildren on quality of life and life satisfaction of grandparents. We … to grandfathers. The favorable effect on life satisfaction is primarily directly attributable to caring for grandchildren …
Persistent link: https://www.econbiz.de/10012866376
between income inequality, group-specific income redistribution, and subjective well-being among China’s urban, rural, and … significantly impact Chinese people. By contrast, a larger income gap between urban and rural residents is positively correlated … their own future income. Compared to migrants, however, our results hint at a negative status effect for the rural residents …
Persistent link: https://www.econbiz.de/10014080052
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 well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …
Persistent link: https://www.econbiz.de/10010291564
perceptions of intergenerational mobility change along the income distribution. Empirically, we conduct a survey experiment in … Austria and show that the average treatment effect of information on perceptions is mostly driven by higher income individuals … while low-income respondents hardly react. We replicate this result for the United States and Germany using data from two …
Persistent link: https://www.econbiz.de/10014345626
-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …
Persistent link: https://www.econbiz.de/10012839357
This paper uses a modelling framework which includes two singularities (or poles) in the spectral density function, one corresponding to the long-run (zero) frequency and the other to the cyclical (non-zero) frequency. The adopted specification is very general, since it allows for fractional...
Persistent link: https://www.econbiz.de/10012859046