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Many empirical studies are ambiguous about whether good formal institutions are conducive to subjective well-being or not. Possibly, this ambiguity is caused by cross-section models that do not account for unobserved cultural and institutional effects. Using the World Value Survey 1980-2005,...
Persistent link: https://www.econbiz.de/10008536074
We present an empirical model aimed at testing the relative income hypothesis and the effect of deprivation relative to … mean income on subjective well-being. The main concern is to deal with subjective panel data in an ordered response model … income impacts negatively on both completely satisfied and dissatisfied individuals, while relative income affects positively …
Persistent link: https://www.econbiz.de/10009021706
, this paper identifies the predictors of the trend of life satisfaction in China between 1990 and 2007. Our findings suggest … higher well-being inequality: those in the lowest three income deciles and the middle-class experienced a significant …
Persistent link: https://www.econbiz.de/10011107479
statistically significant impacts on a wide range of subjective well-being measures, including life satisfaction, self …
Persistent link: https://www.econbiz.de/10011108290
This article is about the link between people’s subjective well-being, defined as an evaluation of one’s own life, and productivity. Our aim is to test the hypothesis that subjective well-being contributes to productivity using a two step approach: first, we establish whether subjective...
Persistent link: https://www.econbiz.de/10011109923
The thoughts that an individual has about the future contribute substantially to their life satisfaction in a positive … disposition and the potential endogeneity of thoughts and life satisfaction. The reduction in life satisfaction experienced by … individuals’ thoughts about the future substantially increases the explanatory power of standard life satisfaction models. Life …
Persistent link: https://www.econbiz.de/10011111195
This study discusses and employs dynamic panel data to investigate life satisfaction. A key result is that … lagged life satisfaction has a small, positive and significant effect on current life satisfaction. A related key benefit of …
Persistent link: https://www.econbiz.de/10011111478
We argue that perceived fairness of the income generation process affects the association between income inequality and … income redistribution. Income inequality is predicted to have a more favorable impact on subjective wellbeing for individuals … differences in individual tolerance for income inequality, and the predicted influence of actual fairness. …
Persistent link: https://www.econbiz.de/10011112607
income generation process affects this association. Building on a two-period model of individual life-time utility … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10008557077
income generation process affects this association. Building on a two-period model of individual life-time utility … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10008557081