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Suboptimal choices and the need for experienced individual well-being in economic analysis
Hsee, Christopher K.; Rottenstreich, Yuval; Stutzer, Alois - 2012
other fields assume that people sometimes fail to make optimal choices and thus adversely affect their own happiness. Most … experienced individual well-being to improve people's happiness. …
Persistent link: https://www.econbiz.de/10010282196
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(Mis-)Predicted Subjective Well-Being Following Life Events
Odermatt, Reto; Stutzer, Alois - 2015
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011307463
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Economic Approaches to Understanding Change in Happiness
Powdthavee, Nattavudh; Stutzer, Alois - 2014
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010352279
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Happiness, Domains of Life Satisfaction, Perceptions, and Valuation Differences Across Genders
Milovanska-Farrington, Stefani; Farrington, Stephen - 2021
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper … greatest impact on happiness of men and women. The findings suggest that relative perceptions have a large statistically …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …
Persistent link: https://www.econbiz.de/10012597416
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Economic Approaches to Understanding Change in Happiness
Powdthavee, Nattavudh; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2014
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010764588
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Do People Seek to Maximize Their Subjective Well‐Being?
Fleurbaey, Marc; Schwandt, Hannes - 2015
best contender as the "maximand" in the contest, before the ladder‐of‐life question and felt happiness. Among the other …
Persistent link: https://www.econbiz.de/10011401716
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Human Well-being and In-Work Benefits: A Randomized Controlled Trial
Dorsett, Richard; Oswald, Andrew J. - 2014
Many politicians believe they can intervene in the economy to improve people's lives. But can they? In a social experiment carried out in the United Kingdom, extensive in-work support was randomly assigned among 16,000 disadvantaged people. We follow a sub-sample of 3,500 single parents for 5...
Persistent link: https://www.econbiz.de/10010333258
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Human Well-being and In-Work Benefits: A Randomized Controlled Trial
Dorsett, Richard; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2014
Many politicians believe they can intervene in the economy to improve people's lives. But can they? In a social experiment carried out in the United Kingdom, extensive in-work support was randomly assigned among 16,000 disadvantaged people. We follow a sub-sample of 3,500 single parents for 5...
Persistent link: https://www.econbiz.de/10010739948
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Stability of time preferences
Meier, Stephan; Sprenger, Charles D. - 2010
Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...
Persistent link: https://www.econbiz.de/10010269424
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Building a Better Theory of Well-Being
Easterlin, Richard A. - 2003
What do social surveys of life cycle experience tell us about the determinants of subjective well-being? First, that the psychologists? setpoint model is wrong. Life events in the nonpecuniary domain, such as marriage, divorce, and physical disability, have a lasting effect on well-being, and do...
Persistent link: https://www.econbiz.de/10010261920