Showing 1 - 10 of 1,432
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010280689
We explore the adoption data approach to estimating causal effects of parental education and income on the same … mother?s or father?s education raises children?s education by about 0.1 year. Our estimated income elasticities are around 0.1. …
Persistent link: https://www.econbiz.de/10010261944
with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany … countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …
Persistent link: https://www.econbiz.de/10010261968
A vast literature has established a strong positive association of income with health status and a negative association … with mortality. This paper studies the effects of income on health and mortality, using only the part of income variation … that is due to a truly exogenous factor: the monetary lottery prizes of individuals. The findings are that higher income …
Persistent link: https://www.econbiz.de/10010262805
, for the intergenerational association in education and income. We find that both pre- and post-birth factors contribute to …'s income. We also find some evidence for a positive interaction effect between post-birth environment and pre-birth factors. …
Persistent link: https://www.econbiz.de/10010267473
employment status prior to entering self-employment. As performance measures we use income from self-employment, number of …. For both men and women those who enter from unemployment or inactivity are less successful in terms of income and the …
Persistent link: https://www.econbiz.de/10010268878
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/10010269451
We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …
Persistent link: https://www.econbiz.de/10010269573
by testing if more satisfied people live longer. Our results clearly confirm the importance of income, education and … marriage as important factors in determining longevity. For example, a one-log point increase in real household monthly income …
Persistent link: https://www.econbiz.de/10010274096
This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution. …
Persistent link: https://www.econbiz.de/10010276946