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Income and Happiness Across Europe : Do Reference Values Matter?
Caporale, Guglielmo Maria; Georgellis, Yannis; … - 2021
life satisfaction, reference income exerts a negative effect on individual well-being, a result consistent with the …
Persistent link: https://www.econbiz.de/10013316734
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Group-Specific Redistribution, Inequality, and Subjective Well-Being in China
Deng, Peihua; Schöb, Ronnie - 2022
Using survey data from the China Family Panel Studies (CFPS) from 2010 to 2018, this paper analyzes the relationship between income inequality, group-specific income redistribution, and subjective well-being among China’s urban, rural, and migrant populations. Using narrowly defined reference...
Persistent link: https://www.econbiz.de/10014080052
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Happy Times : Measuring Happiness Using Response Times
Liu, Shuo; Netzer, Nick - 2023
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
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Subjective well-being, income, economic development and growth
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2010
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/10010274814
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Mis-Allocation within Firms : Internal Finance and International Trade
Doerr, Sebastian; Marin, Dalia; Suverato, Davide; … - 2021
This paper develops a novel theory of capital mis-allocation within firms that stems from managers’ empire building and informational frictions within the organization. Introducing an internal capital market into a two-factor model of multi-segment firms, we show that international competition...
Persistent link: https://www.econbiz.de/10013312862
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Quality of Life in a Dynamic Spatial Model
Ahlfeldt, Gabriel M.; Bald, Fabian; Roth, Duncan; … - 2021
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10013314774
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Bread and Bullets
Akerlof, George A.; Snower, Dennis - 2016
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011431284
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Alternative Values-Based 'Recipes' for Life Satisfaction : German Results with an Australian Replication
Headey, Bruce - 2018
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
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Parental Well-Being in Times of COVID-19 in Germany
Huebener, Mathias - 2020
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
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A Happy Way to Grow Old? Grandparent Caregiving, Quality of Life and Life Satisfaction
Wang, Hao - 2019
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