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This paper provides unheard direct evidence that comparisons exert a significant effect on subjective well-being. It also evaluates the relative importance of different types of benchmarks. Dynamic comparisons outweigh static ones. Internal benchmarks are more important than external reference...
Persistent link: https://www.econbiz.de/10013316674
There are strong two-way links between parent and child happiness (life satisfaction), even for 'children' who have … grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness … from parents to children is partly due to transmission of values and behaviors known to be associated with happiness …
Persistent link: https://www.econbiz.de/10013098823
employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not …. These conclusions are suggested by an analysis of a wide range of evidence on happiness in countries throughout the world …
Persistent link: https://www.econbiz.de/10013085480
Despite its unprecedented growth in output per capita in the last two decades, China has essentially followed the life satisfaction trajectory of the central and eastern European transition countries – a U-shaped swing and a nil or declining trend. There is no evidence of an increase in life...
Persistent link: https://www.econbiz.de/10013087043
Long term trends in happiness and income are not related; short term fluctuations in happiness and income are … artifact. Some analysts assert that in less developed countries happiness and economic growth are positively related "up to …
Persistent link: https://www.econbiz.de/10013087399
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). The most powerful childhood...
Persistent link: https://www.econbiz.de/10013073851
There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per …-term positive association between the growth of happiness and income, arising from fluctuations in macroeconomic conditions, with …
Persistent link: https://www.econbiz.de/10012764241
Based on point-of-time comparisons of happiness in richer and poorer countries, it is commonly asserted that economic … growth will have a significant positive impact on happiness in poorer countries, if not richer. The time trends of subjective … sectional relation of happiness to GDP per capita. The point-of-time comparison leads to the expectation that the same absolute …
Persistent link: https://www.econbiz.de/10012764679
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
Early adulthood is a time of important transitions that shape the future of young adults. How do these transitions affect well-being, and to what degree can they account for the life satisfaction path followed during young adulthood? To answer these questions, longitudinal data from the Swedish...
Persistent link: https://www.econbiz.de/10013061045