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flatter for life satisfaction than for the GHQ measure of mental well-being. The pattern of the estimated cohort effects also …
Persistent link: https://www.econbiz.de/10003586571
We explore the idea that happiness and psychological well-being are U-shaped in age. The main difficulty with this argument is that there are likely to be omitted cohort effects (earlier generations may have been born in, say, particularly good or bad times). First, using data on 500,000...
Persistent link: https://www.econbiz.de/10003566275
There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well-being (a "U shape"). Yet no genuinely longitudinal inquiry has uncovered evidence for a U-shaped pattern. Thus some researchers believe the U is a statistical artefact. We...
Persistent link: https://www.econbiz.de/10010246091
affect well-being, and to what degree can they account for the life satisfaction path followed during young adulthood? To … transitions undergone during each age interval are examined. Life satisfaction at ages 22 to 40 follows a slight inverse U … overall life satisfaction. Partnership formation, the school-to-work transition, and parenting younger children are all …
Persistent link: https://www.econbiz.de/10010229927
Economists have mainly focused on human capital accumulation and considerably less on the causes and consequences of human capital depreciation in late adulthood. Studying human capital depreciation over the life cycle has powerful economic consequences for decision-making in old age. Using data...
Persistent link: https://www.econbiz.de/10012372883
We conduct a joint dynamic analysis of individual labor market and mental health outcomes. We allow for a two-way interaction between work and mental health. We model selection in and out of employment as well as between jobs on a labor market with search frictions, where we account for the...
Persistent link: https://www.econbiz.de/10012255698
Aging populations in developing countries have spurred the introduction of public pension programs to preserve the standard of living for the elderly. The often-overlooked mechanism of intergenerational transfers, however, can dampen these intended policy effects, as adult children who make...
Persistent link: https://www.econbiz.de/10012062263
The size of the public sector in terms of employment and compensation has a strong life-cycle dimension. We establish a quantitative partial-equilibrium life-cycle model with incomplete markets, private and public sectors, and risk-averse workers, and use it to (i) calculate three dimensions of...
Persistent link: https://www.econbiz.de/10012184057
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012194596
When mobility between locations is frictional, a person's economic well-being is partially determined by her place of birth. Using a life cycle model of mobility, we find that search frictions are the main impairment to the mobility of young people in Spain, and these frictions are particularly...
Persistent link: https://www.econbiz.de/10013500696