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individual welfare. They allow researchers to study relevant determinants of welfare on an individual as well as on a societal …
Persistent link: https://www.econbiz.de/10012943714
Obesity has become a major health issue. Research in economics has provided important insights as to how technological progress reduced the relative price of food and contributed to the increase in obesity. However, the increased availability of food might well have overstrained will power and...
Persistent link: https://www.econbiz.de/10012751866
years, the dissatisfaction with the understanding of welfare in economics together with the new opportunities to empirically …. First, we refer to reviews of the literature, the measurement and the relationship of happiness research to welfare … references to the controversial question regarding the policy consequences of this new development …
Persistent link: https://www.econbiz.de/10013096124
Approach (LSA) representing a new non-market valuation technique. The LSA builds on the recent development of subjective well …-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare …
Persistent link: https://www.econbiz.de/10013070689
Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...
Persistent link: https://www.econbiz.de/10012780488
The formation of expectations is a fundamental part of the process when people decide about engaging in an entrepreneurial venture. We evaluate the accuracy of newly self-employed people's predictions of their overall future wellbeing. Based on individual panel data for Germany, we find that...
Persistent link: https://www.econbiz.de/10012945214
predicting it. Third, adaptation might have great consequences for public policy and the idea of social welfare maximization …
Persistent link: https://www.econbiz.de/10013054607
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10013016253
subjective wellbeing is often taken as a proxy measure for individual welfare. In our review, we intend to provide an evaluation …
Persistent link: https://www.econbiz.de/10013146167
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10013080151