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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
The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …
Persistent link: https://www.econbiz.de/10012604148
The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …
Persistent link: https://www.econbiz.de/10012372750
effect of SWB varies by types of homeworking. In comparison with working in the workplace, telework increases stress in both …
Persistent link: https://www.econbiz.de/10011951402
-being. A wide range of subjective well-being measures, including happiness, pain, sadness, stress, tiredness, and … with a daughter. The results from Asian fathers in the U.S., in contrast, show a tremendous reduction in stress in …
Persistent link: https://www.econbiz.de/10013471983
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …
Persistent link: https://www.econbiz.de/10011347274
freedom of choice, low levels of democratization, unemployment, low income, etc. Second, considering people's adaptation to …
Persistent link: https://www.econbiz.de/10010348918
U.S. income inequality has risen dramatically in recent decades. Researchers consistently find that greater income … SWB data from the U.S. Gallup Healthways Well-Being Index and income inequality data from the American Community Survey …-dependent and measure-dependent: income inequality is SWB-diminishing in large regions for all measures, SWB-diminishing in small …
Persistent link: https://www.econbiz.de/10011526744
We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income … could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income … subjective well-being (SWB) data from the U.S. Gallup-Healthways Well-Being Index and geographically-based median-income data …
Persistent link: https://www.econbiz.de/10011476321
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869