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globalized world where international transfers of capital and property rights can have enormous effects on GDP, such as the 26 …In March 2020, the International Comparison Project published its latest results, for the calendar year 2017. This … inequality, even as it increases inequality within countries. We emphasize things that GDP cannot do, some familiar—like its …
Persistent link: https://www.econbiz.de/10013221834
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …- being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their …
Persistent link: https://www.econbiz.de/10013225019
GDP growth is often measured poorly for countries and rarely measured at all for cities or subnational regions. We … growth to augment existing income growth measures, under the assumption that measurement error in using observed light as an … indicator of income is uncorrelated with measurement error in national income accounts. For countries with good national income …
Persistent link: https://www.econbiz.de/10013151806
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The … traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of … that differences between real GDP measured from the expenditure and output-side can be substantial, especially for small …
Persistent link: https://www.econbiz.de/10013240994
based on differences in average answers to questions from the World Values Survey. Using a simple theoretical model we …
Persistent link: https://www.econbiz.de/10013021474
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
This chapter uses happiness data to assess the quality of government. Our happiness data are drawn from the Gallup … World Poll, starting in 2005 and extending to 2017 or 2018. In our analysis of the panel of more than 150 countries and … national happiness, but democratic quality is not. We also analyze other quality of government indicators. Confidence in …
Persistent link: https://www.econbiz.de/10013322663
life. International migration provides an excellent test of this hypothesis, since life circumstances and average … subjective well-being differ greatly among countries. Life satisfaction scores for immigrants to Canada from up to 100 source …, the average levels and distributions of life satisfaction scores among immigrants mimic those of other Canadians rather …
Persistent link: https://www.econbiz.de/10012983665
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
after full allowance is made for selection effects. Using new data from the United Kingdom's Annual Population Survey, we … find that the married have a less deep U-shape in life satisfaction across age groups than do the unmarried, indicating … that marriage may help ease the causes of the mid-life dip in life satisfaction and that the benefits of marriage are …
Persistent link: https://www.econbiz.de/10013030989