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The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study … data, we compare people's forecast of their life satisfaction in five years' time to their actual realisations later on …
Persistent link: https://www.econbiz.de/10011308432
-quality panel data from the German Socio-Economic Panel. We also contribute to the rapidly growing literature on life satisfaction …-economic characteristics (with the exception of age) combined. Individuals with a high level of life satisfaction when initially interviewed … explanatory power in predicting future mortality and is therefore a useful measure of morbidity. Finally, we suggest that the …
Persistent link: https://www.econbiz.de/10002615800
Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a "good life", such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements....
Persistent link: https://www.econbiz.de/10012169722
. Neo-humanism proposes a world in which the well-being of people comes before the well-being of markets, in which promoting …
Persistent link: https://www.econbiz.de/10012803715
comparisons in determining happiness. -- Happiness ; subjective well-being ; Easterlin Paradox ; life satisfaction ; economic …
Persistent link: https://www.econbiz.de/10003752845
, the sequence of improvements in various aspects of QoL is not always the same from one part of the world to another. And … sometimes, as in the case of happiness and life satisfaction, QoL indicators remain unchanged despite a doubling or more of real …
Persistent link: https://www.econbiz.de/10003585354
National Time Accounting is a way of measuring society's well-being, based on time use. Its explicit form is the U-index … this paper I review cross-country evidence on happiness and life satisfaction and consider whether these data will likely … be replaced by the U-index. I find that first, that there are many similarities. According to both measures happiness is …
Persistent link: https://www.econbiz.de/10003679395
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10009408713
We study the effect of entrepreneurship and its allocation between necessity and opportunity entrepreneurship on three indicators of countries' wellbeing: monetary wellbeing, non-monetary wellbeing and our own indicator of a country's ability to translate economic growth into non-monetary...
Persistent link: https://www.econbiz.de/10009786921
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people are not indifferent to adverse living conditions when...
Persistent link: https://www.econbiz.de/10010348918