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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
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the … social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find …
Persistent link: https://www.econbiz.de/10013136696
We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for … vary in religiosity between secular and ultra–orthodox. We find a significant effect of religiosity on happiness. With … 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
typical “Tullock Challenges." The first relates to method: The measurement of subjective well-being, or happiness. The second …
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 … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and … indirect effects that carry the influence from happiness to income. Significant mediating pathways include a higher probability …
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 … is explained by genetic variation. Although previous studies have shown that baseline happiness is significantly … between a functional polymorphism on the serotonin transporter gene (5-HTTLPR) and life satisfaction. We initially find that …
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
Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider...
Persistent link: https://www.econbiz.de/10012770254