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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
Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the … probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the … study of whether the income effect depend on a person's happiness. In this paper we pinpoint the shortcomings of standard …
Persistent link: https://www.econbiz.de/10010261922
A large literature has documented a significant increase in the return to college over the past 30 years. This increase is typically measured using nominal wages. I show that from 1980 to 2000, college graduates have increasingly concentrated in metropolitan areas that are characterized by a...
Persistent link: https://www.econbiz.de/10010268731
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/10010268741
Many scholars have argued that once basic needs have been met, higher income is no longer associated with higher in … well-being, we find no support for this claim. The relationship between well-being and income is roughly linear-log and …
Persistent link: https://www.econbiz.de/10010319466
in the sample who obtained income from self‐employment or from owning a business. Social capital is proxied by responses … either personal income or by an Economic Living Standards Index (ELSI) score developed by the New Zealand Ministry of Social …
Persistent link: https://www.econbiz.de/10011479392
characterized by increased influence from the financial market and extreme economic events using data from the Household Income … income of the pensioners fell behind that of workers and relative poverty increased. The analysis shows that the limited … resources of many of the elderly put them close to a socially interesting poverty line. Income inequality among the elderly has …
Persistent link: https://www.econbiz.de/10010268905
This paper investigates the sensitivity of the intergenerational transmission of health to exogenous changes in income … maternal health by (relative) height. We find that improvements in maternal education, income and public health provision that …
Persistent link: https://www.econbiz.de/10010269601
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
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