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(Mis-)Predicted Subjective Well-Being Following Life Events
Odermatt, Reto - 2015
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
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What Predicts a Successful Life? A Life-Course Model of Well-Being
Layard, Richard - 2013
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
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'Fair' Welfare Comparisons with Heterogeneous Tastes : Subjective Versus Revealed Preferences
Akay, Alpaslan - 2017
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness principles and the respect of individual preferences. To operationalize this approach, preference heterogeneity can be inferred from the observation of individual choices (revealed...
Persistent link: https://www.econbiz.de/10012948689
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China's Life Satisfaction, 1990-2010
Easterlin, Richard A. - 2013
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
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Explaining Well-Being Over the Life Cycle : A Look at Life Transitions During Young Adulthood
Switek, Malgorzata - 2014
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
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Happiness and Domain Satisfaction : Theory and Evidence
Easterlin, Richard A. - 2013
In the United States happiness, on average, varies positively with socio-economic status; is fairly constant over time … happiness can be predicted rather closely from the mean satisfaction people report with each of four domains - finances, family … happiness, they come together in a way that explains quite well the overall patterns of happiness. The importance of any given …
Persistent link: https://www.econbiz.de/10012754020
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Explaining Happiness Trends in Europe
Easterlin, Richard A.; O'Connor, Kelsey - 2023
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to … the generosity of welfare state programs increasing happiness going with increasing generosity and declining happiness … impression that economic growth, social capital, and / or quality of the environment are driving happiness trends, but in the …
Persistent link: https://www.econbiz.de/10014255924
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A Measure of Well-Being Efficiency Based on the World Happiness Report
Sarracino, Francesco; O'Connor, Kelsey - 2022
of choice, absence of corruption, and generosity) identified in the World Happiness Reports and apply Data Envelopment …
Persistent link: https://www.econbiz.de/10014242743
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The Welfare Implications of Addictive Substances : A Longitudinal Study of Life Satisfaction of Drug Users
Moschion, Julie - 2017
This paper provides an empirical test of the rational addiction model, used in economics to model individuals' consumption of addictive substances, versus the utility misprediction model, used in psychology to explain the discrepancy between people's decision and their subsequent experiences. By...
Persistent link: https://www.econbiz.de/10012942107
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Life Satisfaction, Income and Personality
Proto, Eugenio - 2015
We use personality traits to better understand the relationship between income and life satisfaction. Personality traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and punishment, is strong in both the British Household...
Persistent link: https://www.econbiz.de/10013028170