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Economic Growth and Subjective Well-Being : Reassessing the Easterlin Paradox
Stevenson, Betsey - 2011
The quot;Easterlin paradoxquot; suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear...
Persistent link: https://www.econbiz.de/10012756506
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2011
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/10013132796
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Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects
De Neve, Jan‐Emmanuel - 2012
show that adolescents and young adults who report higher life satisfaction or positive affect grow up to earn significantly …
Persistent link: https://www.econbiz.de/10013097111
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The New Stylized Facts About Income and Subjective Well-Being
Sacks, Daniel W. - 2013
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with 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...
Persistent link: https://www.econbiz.de/10013088124
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Happiness as a Driver of Risk-Avoiding Behavior
Goudie, Robert J. B.; Mukherjee, Sach N.; De Neve, … - 2021
Understanding the reasons why individuals take risks, particularly unnecessary risks, remains an important question in economics. We provide the first evidence of a powerful connection between happiness and risk-avoidance. Using data on 300,000 Americans, we demonstrate that happier individuals...
Persistent link: https://www.econbiz.de/10013316014
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The New Stylized Facts about Income and Subjective Well-Being
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - CESifo - 2013
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with 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...
Persistent link: https://www.econbiz.de/10010877842
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - CESifo - 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/10008671708