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Akerlof, George A.; Snower, Dennis J. - 2016

Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...

Persistent link: https://www.econbiz.de/10011479219

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

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

Miserable migrants? Natural experiment evidence on international migration and objective and subjective well-being

Stillman, Steven; Gibson, John K.; McKenzie, David J.; … - 2012

Over 200 million people worldwide live outside their country of birth and typically experience large gains in material well-being by moving to where incomes are higher. But effects of migration on subjective well-being are less clear, with some studies suggesting that migrants are miserable in...

Persistent link: https://www.econbiz.de/10010289967

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

Income and Happiness : New Results from Generalized Threshold and Sequential Models

Winkelmann, Rainer; Boes, Stefan - 2004

Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the...

Persistent link: https://www.econbiz.de/10010261922

Money Doesn?t Buy Happiness ... Or Does It? : A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption

Headey, Bruce; Muffels, Ruud; Wooden, Mark - 2004

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … significant, though not large, changes in satisfaction levels. …

Persistent link: https://www.econbiz.de/10010261968

Individual Rationality and Learning: Welfare Expectations in East Germany Post-Reunification

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael A. - 2002

and those with children. However, expectations and realizations of life satisfaction in East Germany had converged by 1995 …

Persistent link: https://www.econbiz.de/10010262741

Lost in transition: life satisfaction on the road to capitalism

Easterlin, Richard A. - 2008

In the transition from socialism to capitalism in Eastern Europe life satisfaction has followed the V-shaped pattern of … GDP but failed to recover commensurately. In general, increased satisfaction with material living levels has occurred at … the expense of decreased satisfaction with work, health, and family life. Disparities in life satisfaction have increased …

Persistent link: https://www.econbiz.de/10010268572

The Value of Reunification in Germany: An Analysis of Changes in Life Satisfaction

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael A. - 2002

implement a fixed-effect estimator for ordinal life satisfaction in the German Socio-Economic Panel. We find strong negative … effects on life satisfaction from being recently fired, losing a spouse through either death or separation and time spent in … that East Germans experienced a continued improvement in life satisfaction after 1990 to which increased household incomes …

Persistent link: https://www.econbiz.de/10010261522

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