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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

Inequality of Subjective Well-Being as a Comprehensive Measure of Inequality

Goff, Leonard - 2016

The link between happiness and overall inequality is best studied using an index that incorporates different aspects of … inequality, and is measured consistently in different countries. One such index is the degree to which happiness itself varies … among individuals. Its correlation with both happiness levels and social trust is substantially stronger than the …

Persistent link: https://www.econbiz.de/10013000535

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

Empathy and Emulation : Life Satisfaction and the Urban Geography of Comparison Groups

Barrington-Leigh, Christopher - 2014

Departures from self-centred, consumption-oriented decision making are increasingly common in economic theory and are well motivated by a wide range of behavioural data from experiments, surveys, and econometric inference. A number of studies have shown large negative externalities in individual...

Persistent link: https://www.econbiz.de/10012751075

Urban Inequality

Glaeser, Edward L. - 2014

What impact does inequality have on metropolitan areas? Crime rates are higher in places with more inequality, and people in unequal cities are more likely to say that they are unhappy. There is also a negative association between local inequality and the growth of both income and population,...

Persistent link: https://www.econbiz.de/10012751245

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