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New Measures of the Costs of Unemployment : Evidence from the Subjective Well-Being of 3.3 Million Americans

Helliwell, John F. - 2011

Using two large US surveys, we estimate the effects of unemployment on the subjective well-being of the unemployed and the rest of the population. For the unemployed, the non-pecuniary costs of unemployment are several times as large as those due to lower incomes, while the indirect effect at...

Persistent link: https://www.econbiz.de/10013129126

"Beauty is the Promise of Happiness"?

Hamermesh, Daniel S. - 2011

We measure the impact of individuals' looks on life satisfaction/happiness. Using five data sets, from the U.S., Canada … beauty. Beauty raises happiness: A one standard-deviation change in beauty generates about 0.10 standard deviations of … additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide variety of covariates, particularly effects …

Persistent link: https://www.econbiz.de/10013121060

Happiness Adaptation to Income and to Status in an Individual Panel

Di Tella, Rafael - 2007

We study quot;habituationquot; to income and to status using individual panel data on the happiness of 7,812 people … living in Germany from 1984 to 2000. Specifically, we estimate a quot;happiness equationquot; defined over several lags of … in status and 52% of one standard deviation in income are associated with similar increases in happiness. In the long …

Persistent link: https://www.econbiz.de/10012776806

Happiness, Contentment and Other Emotions for Central Banks

Di Tella, Rafael - 2010

We show that data on satisfaction with life from over 600,000 Europeans are negatively correlated with the unemployment rate and the inflation rate. Our preferred interpretation is that this shows that emotions are affected by macroeconomic fluctuations. Contentment is, at a minimum, one of the...

Persistent link: https://www.econbiz.de/10012759669

Work Expectations, Realizations, and Depression in Older Workers

Falba, Tracy - 2008

We explore the impact on depressive symptoms of deviation in actual labor force behavior at age 62 from earlier expectations. Our sample of 4,241 observations is drawn from the Health and Retirement Study (HRS). We examine workers who were less than 62 years of age at the 1992 HRS baseline, and...

Persistent link: https://www.econbiz.de/10012769532

Happiness Adaptation to Income Beyond "Basic Needs"

Di Tella, Rafael; MacCulloch, Robert - 2021

We test for whether, once "basic needs" are satisfied, there is happiness adaptation to further gains in income using … greater happiness. The reason appears to be adaptation. However even for the rich half of European nations such habituation … may take over 5 years so the happiness gains that they experience, whilst not permanent, can still be relatively long …

Persistent link: https://www.econbiz.de/10013237594

International Evidence on the Social Context of Well-Being

Helliwell, John F.; Barrington-Leigh, Christopher; … - 2021

This paper uses the first three waves of the Gallup World Poll to investigate differences across countries, cultures and regions in the factors linked to life satisfaction, paying special attention to the social context. Our principal findings are: First, using the larger pooled sample, we find...

Persistent link: https://www.econbiz.de/10013238741

Early Retirement, Social Security and Well-Being in Germany

Börsch-Supan, Axel H.; Jürges, Hendrik - 2021

Germans retire early. On the one hand, early retirement is very costly and amplifies the burden which the German public pension system has to carry due to population aging. On the other hand, however, early retirement is also seen as a much appreciated social achievement which increases the...

Persistent link: https://www.econbiz.de/10013247289

Unhappiness and Age

Blanchflower, David G. - 2022

I examine the relationship between unhappiness and age using data from six well-being data files on nearly ten million respondents across forty European countries and the United States. I use fifteen different individual characterizations of unhappiness including despair; anxiety; loneliness;...

Persistent link: https://www.econbiz.de/10013323984

Recessions, Reeling Markets, and Retiree Well-Being

Coile, Courtney - 2010

This paper examines the impact of late-career investment returns and job loss on subsequent retiree well-being. Specifically, we explore whether there is a link between the income of retirees aged 70 to 79 and the stock market and labor market conditions that existed around the time of their...

Persistent link: https://www.econbiz.de/10013142294