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Is Well-Being U-Shaped Over the Life Cycle?
Blanchflower, David G. - 2007
We explore the idea that happiness and psychological well-being are U-shaped in age. The main difficulty with this argument is that there are likely to be omitted cohort effects (earlier generations may have been born in, say, particularly good or bad times). First, using data on 500,000...
Persistent link: https://www.econbiz.de/10012775694
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Explaining Well-Being Over the Life Cycle : A Look at Life Transitions During Young Adulthood
Switek, Malgorzata - 2014
affect well-being, and to what degree can they account for the life satisfaction path followed during young adulthood? To … transitions undergone during each age interval are examined. Life satisfaction at ages 22 to 40 follows a slight inverse U … overall life satisfaction. Partnership formation, the school-to-work transition, and parenting younger children are all …
Persistent link: https://www.econbiz.de/10013061045
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Born to Be Mild? Cohort Effects Don't (Fully) Explain Why Well-Being is U-Shaped in Age
Clark, Andrew - 2021
flatter for life satisfaction than for the GHQ measure of mental well-being. The pattern of the estimated cohort effects also …
Persistent link: https://www.econbiz.de/10013316700
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Positional Concerns Through the Life Cycle : Evidence from Subjective Well-Being Data and Survey Experiments
Akay, Alpaslan - 2012
This paper uses both subjective well-being and survey experimental data to analyze how people's positional concerns regarding income and goods vary with age. The subjective well-being approach is mainly based on German panel data for the period 1984-2009 (German Socio-Economic Panel), while the...
Persistent link: https://www.econbiz.de/10013110498
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Personality Psychology and Economics
Almlund, Mathilde - 2011
This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is...
Persistent link: https://www.econbiz.de/10013129922
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A Continuous Labour Supply Model in Microsimulation : A Life-Cycle Modelling Approach with Heterogeneity and Uncertainty Extension
Li, Jinjing - 2011
This paper advances a structural inter-temporal model of labour supply that is able to simulate the dynamics of labour supply in a continuous setting and to circumvent two main drawbacks of most of the existing models. The first limitation is the inability to incorporate individual heterogeneity...
Persistent link: https://www.econbiz.de/10013118517
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The Frisch Elasticity in the Mercosur Countries : A Pseudo-Panel Approach
González, Roberto - 2011
This paper provides estimates for the Mercosur countries of the Frisch elasticity – i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in...
Persistent link: https://www.econbiz.de/10013120132
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Longevity, Life-Cycle Behavior and Pension Reform
Haan, Peter - 2011
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10013122108
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Heterogeneous Income Profiles and Life-Cycle Bias in Intergenerational Mobility Estimation
Nybom, Martin - 2011
Research on intergenerational income mobility is based on current income since data on lifetime income are typically not available for two generations. However, using snapshots of income over shorter periods causes a so-called life-cycle bias if the snapshots cannot mimic lifetime outcomes....
Persistent link: https://www.econbiz.de/10013125141
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The Role of Parental Income Over the Life Cycle : A Comparison of Sweden and the UK
Bjorklund, Anders - 2012
Research on intergenerational income mobility has shown stronger persistence between parental and offspring's income in the UK than in Sweden. We use similar data sets for the two countries to explore whether these cross-national differences show up already early in offspring's life in outcomes...
Persistent link: https://www.econbiz.de/10013096153