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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
Many scholars have argued that once “basic needs” have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing...
Persistent link: https://www.econbiz.de/10013315787
We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...
Persistent link: https://www.econbiz.de/10013316486
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality … measures of cognitive ability and family background at age 12. The data are subsequently linked to the mortality register 1995 …-2011, such that we observe mortality between ages 55 and 75. The results suggest that the treatment effect of education (i.e. the …
Persistent link: https://www.econbiz.de/10013315793
measures where available. The relationship with life expectancy is significant and positive. Infant mortality correlates …
Persistent link: https://www.econbiz.de/10012969029
Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in...
Persistent link: https://www.econbiz.de/10013143232
In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...
Persistent link: https://www.econbiz.de/10013053065
This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...
Persistent link: https://www.econbiz.de/10013129859
Usually, studies analyzing terrorism focus on the total number of casualties or attacks in a given county. However, per capita rates of terrorism are more likely to matter for individual welfare. Analyzing 214 countries from 1970-2014, we show that three stylized findings are overturned in terms...
Persistent link: https://www.econbiz.de/10012961945
Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with...
Persistent link: https://www.econbiz.de/10013315579