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Subjective Well‐Being and Income: Is There Any Evidence of Satiation?
Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2013
Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...
Persistent link: https://www.econbiz.de/10010660252
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Recent Developments in the Economics of Happiness: A Selective Overview
Stutzer, Alois; Frey, Bruno S. - Institute for the Study of Labor (IZA) - 2012
. The economics of happiness has emerged as one of the most thriving areas in current economic research. This introductory … chapter refers to important contributions to the economics of happiness that characterize the recent developments in the area …. First, we refer to reviews of the literature, the measurement and the relationship of happiness research to welfare …
Persistent link: https://www.econbiz.de/10010662940
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Subjective and Objective Indicators of Racial Progress
Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2013
Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...
Persistent link: https://www.econbiz.de/10010636771
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Is Volunteering Rewarding in Itself?
Meier, Stephan; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2004
Volunteering constitutes one of the most important pro-social activities. Following Adam Smith, helping others is the way to higher individual well-being. This view contrasts with the selfish utility maximizer who avoids costs from helping others. The two rival views are studied empirically. We...
Persistent link: https://www.econbiz.de/10005703466