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most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being.Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens' life …
Persistent link: https://www.econbiz.de/10010274556
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …
Persistent link: https://www.econbiz.de/10008682244
?more is better,? based on revealed preference theory, is wrong. An increase in income, and thus in the goods at one … better theory of well-being builds on the evidence that adaptation and social comparison affect utility more in pecuniary …
Persistent link: https://www.econbiz.de/10010261920
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
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income across space and time. It is the first application of which we are aware of methods to compare multidimensional distributions of income and health using procedures that are robust to...
Persistent link: https://www.econbiz.de/10010269622
these changes. First, we present theory showing significant mismeasurement of welfare for households who can shift into …
Persistent link: https://www.econbiz.de/10013470433
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income across space and time. It is the first application of which we are aware of methods to compare multidimensional distributions of income and health using procedures that are robust to...
Persistent link: https://www.econbiz.de/10008555365
rather than another. In this paper, we develop a theory for ranking distribution functions. Our theory offers a general … asymptotic distribution theory for empirical dominance criteria where it is demonstrated that the associated empirical processes …
Persistent link: https://www.econbiz.de/10010329031
rather than another. In this paper, we develop a theory for ranking distribution functions. Our theory offers a general … asymptotic distribution theory for empirical dominance criteria where it is demonstrated that the associated empirical processes …
Persistent link: https://www.econbiz.de/10010884192
, Britain and Germany to broaden the analysis. We ask first how many of those in the lowest levels of life-satisfaction suffer …
Persistent link: https://www.econbiz.de/10011307428