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income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study …: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction … with income is more affected by ex ante than by ex post volatility of income. The ordinal version of the Van Praag approach …
Persistent link: https://www.econbiz.de/10013324950
ongoing discussion of the relationship between life satisfaction and income. The panel property of the data makes it possible … to study also the impact on satisfaction from income changes as well as the impact from acceleration in income and … the survey to the next. We find a strong impact from the level of income in all countries, an impact from change and …
Persistent link: https://www.econbiz.de/10013154979
While results are starting to emerge, not much is known yet about the dynamics of the labormarkets of the former Eastern economies, especially in the context of the current FinancialCrisis. Arguably, this is mainly due to paucity of (panel) data. By examining labor markettransitions, earnings...
Persistent link: https://www.econbiz.de/10009522192
We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …
Persistent link: https://www.econbiz.de/10013132818
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10013096474
-being in China over the period 2005-2010 during which self-reported happiness scores show an increase across all income groups …. Ordered probit regression analysis of well-being reveals large influence of gender, rural residency and household income … registration identity) and education status, household assets, the influence of past and future income and province dummies, we …
Persistent link: https://www.econbiz.de/10013001231
illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner … regulation by the European Commission, (EC) which is currently being used to harmonize income measurement for the European … Statistics on Income and Living Conditions (EU-SILC) in Europe. While both of these components represent some kind of return on …
Persistent link: https://www.econbiz.de/10013153168
income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how … important these income comparisons are to them. We find substantial gender differences, with income comparisons being much …
Persistent link: https://www.econbiz.de/10013155599
The first objective of our paper is to identify the determinants of income satisfaction in Spain, with one of these … reduce individual deprivation. Our results suggest that the more unequal the income distribution is in a group, the less … income satisfied is the individual. Moreover, being unemployed is one of the main determinants of deprivation, although …
Persistent link: https://www.econbiz.de/10012777095
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10012911198