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life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two … income. The model is estimated using a large German panel data set. …
Persistent link: https://www.econbiz.de/10011326415
satisfaction. Furthermore, we consider the dynamics of work and leisure satisfaction because the balance between work and leisure … is an important element of life satisfaction. Fixed-effects regressions using German Socio-Economic Panel data (1984 …-2012) reveal that switching to self-employment benefits life and work satisfaction. The effects on life satisfaction are weak and …
Persistent link: https://www.econbiz.de/10011327339
We examine the relationship between income and health with the purpose of establishing the extent to which the … distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence … supports a significant and substantial impact of ill-health on income mainly operating through employment, although it is …
Persistent link: https://www.econbiz.de/10010224791
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious...
Persistent link: https://www.econbiz.de/10011372528
type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables …
Persistent link: https://www.econbiz.de/10011379637
Psychologists and sociologists usually interpret answers to happiness surveys as cardinal and comparableacross respondents (Kahneman et al. 1999). As a result, these social scientists run OLS regressionson happiness and changes in happiness. Economists, on the other hand, usually only assume...
Persistent link: https://www.econbiz.de/10011326407
income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with …This paper presents an empirical analysis of the importance of 'comparison income' for individual well-being or … happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main …
Persistent link: https://www.econbiz.de/10011326410
model that includes unscheduled hospitalizations as a measure for unanticipated health shocks and estimate the model on data … from the British National Child Development Study (NCDS). We show that such health shocks increase the likelihood of an … onset of a disability by around 138%. However, health shocks are relatively rare events and therefore the larger part of …
Persistent link: https://www.econbiz.de/10011349212
We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …
Persistent link: https://www.econbiz.de/10013186823
satisfaction with life to the same extent as a change in health satisfaction would do. In other words, the income equivalent of … estimate the income equivalent for these diseases. This method uses answers to well-being and health satisfaction questions as … health status. The paper presents estimates of the equivalent income change that would be necessary to change general …
Persistent link: https://www.econbiz.de/10011326414