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understand this recent rise in NGO activism, we develop a theory of optimal regulation in which a regulated industry seeks to … undertake a project that may be harmful to society. On the one hand, public regulation is vulnerable to the influence of the …
Persistent link: https://www.econbiz.de/10012989525
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
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10013136696
We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for … respect to Jewish families it is most striking that the impact of family size on both life and financial satisfaction seems to …
Persistent link: https://www.econbiz.de/10013137879
retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …-term unemployed people report a substantial increase in their life satisfaction when they retire. These results are robust to … including identity in the utility function, results from the empirical life satisfaction literature can be reconciled with the …
Persistent link: https://www.econbiz.de/10013121822
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical “Tullock Challenges." The first relates to method: The measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10013124683
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
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
association study. In a nationally-representative twin sample, we first show that about 33% of the variation in life satisfaction … between a functional polymorphism on the serotonin transporter gene (5-HTTLPR) and life satisfaction. We initially find that … individuals with the longer, transcriptionally more efficient variant of this genotype report greater life satisfaction (n=2 …
Persistent link: https://www.econbiz.de/10013070290
self-reported life satisfaction. Employed persons are more satisfied with their life than the unemployed and report more … that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …, triggered by the opportunity to use the time in a way that yields higher levels of satisfaction than working …
Persistent link: https://www.econbiz.de/10012763996