Showing 1 - 10 of 28
The importance of noncognitive childhood skills in predicting higher wages is well documented in economics. This paper studies the reverse. Using surveys of lottery winners, we analyze the effects of unearned income on the Big Five personality traits. After correcting for potential endogeneity...
Persistent link: https://www.econbiz.de/10010282309
The importance of noncognitive childhood skills in predicting higher wages is well documented in economics. This paper studies the reverse. Using surveys of lottery winners, we analyze the effects of unearned income on the Big Five personality traits. After correcting for potential endogeneity...
Persistent link: https://www.econbiz.de/10009371872
Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This paper argues that economists are wrong to do so. It provides longitudinal evidence that individuals who become disabled go on to exhibit recovery in mental wellbeing. Adaptation...
Persistent link: https://www.econbiz.de/10010267773
paper explores how happiness regression equations might be used in tort cases to calculate compensatory damages for …
Persistent link: https://www.econbiz.de/10010268271
This paper investigates whether people's ability to withstand and adapt to one of the most important economic shocks - job loss - is determined early on in childhood. Using nationally representative longitudinal data that tracks almost 3,000 children into adulthood, we show that the negative...
Persistent link: https://www.econbiz.de/10010289906
There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well …
Persistent link: https://www.econbiz.de/10010333337
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010352279
Econometric analyses in the happiness literature typically use subjective well-being (SWB) data to compare the mean of … observed or latent happiness across samples. Recent critiques show that com-paring the mean of ordinal data is only valid under … studies in the economics of happiness literature have been futile. In order to salvage some of the prior results and avoid …
Persistent link: https://www.econbiz.de/10012005853
There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well …
Persistent link: https://www.econbiz.de/10010884289
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010764588