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The new stylized facts about income and subjective well-being
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2012
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...
Persistent link: https://www.econbiz.de/10010291356
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Relative concerns of rural-to-urban migrants in China
Akay, Alpaslan; Bargain, Olivier; Zimmermann, Klaus F. - 2011
As their environment changes, migrants constitute an interesting group to study the effect of relative income on subjective well-being. This paper focuses on the huge population of rural-to-urban migrants in China. Using a novel dataset, we find that the well-being of migrants depends on several...
Persistent link: https://www.econbiz.de/10010274697
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Income comparisons and non-cognitive skills
Budría, Santiago; Ferrer-i-Carbonell, Ada - 2012
People gain utility from occupying a higher ranked position in the income distribution of the reference group. This … the German Socioeconomic Panel dataset (SOEP), a subjective question on Life Satisfaction, and three different sets of non … economic ladder. By contrast, the Life Satisfaction reaction to changes in economic status is significantly lower among …
Persistent link: https://www.econbiz.de/10010282228
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Heterogeneity in Reported Well-Being : Evidence from Twelve European Countries
Clark, Andrew E.; Etilé, Fabrice; Postel-Vinay, Fabien; … - 2004
This paper models the relationship between income and reported well-being using latent class techniques applied to panel data from twelve European countries. Introducing both intercept and slope heterogeneity into this relationship, we strongly reject the hypothesis that individuals transform...
Persistent link: https://www.econbiz.de/10010276946
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Happiness and financial satisfaction in Israel: Effects of religiosity, ethnicity, and war
van Praag, Bernard M. S.; Romanov, Dmitri; … - 2010
We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for … respect to Jewish families it is most striking that the impact of family size on both life and financial satisfaction seems to …
Persistent link: https://www.econbiz.de/10010277039
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Putting different price tags on the same health condition: Re-evaluating the well-being valuation approach
Powdthavee, Nattavudh; van den Berg, Bernard - 2011
economists to rethink about which measure of well-being or experienced utility to be used in the well-being valuation method …
Persistent link: https://www.econbiz.de/10010278781
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - 2011
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
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Multidimensional well-being at the top: Evidence for Germany
Peichl, Andreas; Pestel, Nico - 2011
nonmaterial quality of life as well as self-reported satisfaction with life as dimensions. We find that one third of the German …-being distribution has decreased over time. Moreover, health as well as life satisfaction contribute quite substantially to …
Persistent link: https://www.econbiz.de/10010282585
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The French unhappiness puzzle: The cultural dimension of happiness
Senik, Claudia - 2011
This article sheds light on the important differences in self-declared happiness across countries of equivalent affluence. It hinges on the different happiness statements of natives and immigrants in a set of European countries to disentangle the influence of objective circumstances versus...
Persistent link: https://www.econbiz.de/10010286851
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Wages, rents and heterogeneous moving costs
Krupka, Douglas J.; Donaldson, Kwame - 2007
The model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of...
Persistent link: https://www.econbiz.de/10010268206