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countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …
Persistent link: https://www.econbiz.de/10005763522
The accepted view among psychologists and economists alike is that household income has statistically significant but … only small effects on measures of subjective well-being. Income, however, is clearly an imperfect measure of the economic … circumstances of households. Using data drawn from the 2001 and 2002 waves of the Household, Income and Labour Dynamics in Australia …
Persistent link: https://www.econbiz.de/10010261799
We link life-satisfaction data to inequality of the pre- and post-government income distribution at the regional level … an excess burden on middle-income earners. The paper uses data from the German Socio-economic Panel Study (GSOEP) from …
Persistent link: https://www.econbiz.de/10010261664
We link life-satisfaction data to inequality of the pre-government income distribution at the regional level, to … increases individual well-being. We find that Germans are inequality averse over the entire income distribution. However … excess burden on middle-income earners. The paper uses data from the German Socio-economic Panel Study (GSOEP) from 1985 to …
Persistent link: https://www.econbiz.de/10010262817
-described by four domains: job or daily activities, social contacts and family, health, and income. Among the four domains, social …. Income has the lowest impact. As in other work, we find that American response styles differ from the Dutch in that Americans … inclined to stay in the middle of the scale. Although for both Americans and the Dutch, income is the least important …
Persistent link: https://www.econbiz.de/10010276687
income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how … important these income comparisons are to them. We find substantial gender differences, with income comparisons being much …
Persistent link: https://www.econbiz.de/10010271342
hospital, whilst we find strong positive effects from income and marriage. Using a new causal decomposition technique, we find …
Persistent link: https://www.econbiz.de/10010261522
In this paper we test the Rational Expectations hypothesis using longitudinal data on expectations and realizations of individual welfare for East Germans in the years following reunification. German reunification was unexpected and delivered a large shock to the future prospects of the...
Persistent link: https://www.econbiz.de/10010262741
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 common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10010286273