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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 where error homoskedasticity is not assumed. A...
Persistent link: https://www.econbiz.de/10009021706
well-being’, ‘affect’, ‘life satisfaction’, and ‘happiness’. It describes their measurements and operationalizations in …
Persistent link: https://www.econbiz.de/10005078654
life satisfaction reaches another local maximum around the age of 83, with a level identical to that of a 26-years old …
Persistent link: https://www.econbiz.de/10005000017
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10008683292
Local weather conditions experienced by survey respondents on the day of the interview are used to assess the size of any bias resulting from transient affective influences on subjective response data and to test the validity of statistical inference about the determinants of subjective well-being.
Persistent link: https://www.econbiz.de/10008685567
, this paper identifies the predictors of the trend of life satisfaction in China between 1990 and 2007. Our findings suggest …
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