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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
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
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
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
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
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
Cross-country employment differences are concentrated among women, the youth, and older individuals. In this paper, we document how worker flows between employment, unemployment, and out of the labor force vary by gender and age and contribute to aggregate employment differences across a large...
Persistent link: https://www.econbiz.de/10014502913
We examine the development of worker-firm matching over the career due to job mobility. Using administrative employer-employee data covering the universe of German employees, we measure the degree of assortative matching as the correlation of worker and firm quality measures obtained from an AKM...
Persistent link: https://www.econbiz.de/10015046076
This paper examines the effects of education on health and hospitalization over the life cycle. Using administrative data, we leverage a 1972 compulsory schooling reform within the United Kingdom which produced a large increase in educational attainment among affected cohorts. Our regression...
Persistent link: https://www.econbiz.de/10014545240