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like wages or GDP growth. Applied econometrics has since evolved to prioritize the estimation of specific causal effects …
Persistent link: https://www.econbiz.de/10011607621
In their IZA Discussion Paper 10247, Johansson and Lee claim that the main result (Proposition 3) in Abbring and Van den Berg (2003b) does not hold. We show that their claim is incorrect. At a certain point within their line of reasoning, they make a rather basic error while transforming one...
Persistent link: https://www.econbiz.de/10011543629
In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … that there are substantial differences between the permanent and transitory income determinants - also in terms of the … direction of the effects. Moreover, we find that income effects often differ significantly in size and sometimes sign according …
Persistent link: https://www.econbiz.de/10011308440
market and non-market income as well as taxes and social security contributions. This income portfolio analysis is based on … have an even better relative income position than the autochthonous West German population. In general, we confirm the well … profit slightly. This is due to above average non-market income of "pure" immigrants. However, East Germans are still much …
Persistent link: https://www.econbiz.de/10011325994
hunger spend a larger fraction of income on food. Taken together, our results confirm that in addition to the well …
Persistent link: https://www.econbiz.de/10010204606
age of 30 and who have higher income. We also provide evidence of a positive selection into parenthood, whereby happier …
Persistent link: https://www.econbiz.de/10011457380
is entirely driven by an increase in mortality among low income individuals, who are more likely to experience liquidity …
Persistent link: https://www.econbiz.de/10010398876
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …
Persistent link: https://www.econbiz.de/10010423769
We use personality traits to better understand the relationship between income and life satisfaction. Personality … traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … usually observed concavity of the relationship: individuals with a higher neuroticism score enjoy extra income more than those …
Persistent link: https://www.econbiz.de/10010479011
Or Paradox Regained? The answer is Paradox Regained. New data confirm that for countries worldwide long-term trends in happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a different conclusion, aside from problems of data...
Persistent link: https://www.econbiz.de/10011450390