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Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests of the effects often rely on self-constructed measures from survey data. This paper shows that results can be highly sensitive to simple parameter changes. Using large-scale...
Persistent link: https://www.econbiz.de/10009747812
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …
Persistent link: https://www.econbiz.de/10009747819
Happiness levels (states) are volatile and often fluctuate between a happy and unhappy state from one day to the next … Regression Model (MSDR) to better understand the dynamic patterns of happiness levels before and during a pandemic. The estimated … unique insights into the evolution of happiness. Furthermore, as maximising happiness is a policy priority, we determine the …
Persistent link: https://www.econbiz.de/10012512277
This paper estimates Markov switching models with daily happiness (GNH) data from New Zealand for a period inclusive of … the Covid-19 global health pandemic. This helps us understand the dynamics of happiness due to an external shock and … states of happiness and estimate the duration in these states. In addition, as maximising happiness is a policy priority, we …
Persistent link: https://www.econbiz.de/10012225688