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We show individuals' reports of subjective well being in Europe did decline in the Great Recession and during the Covid pandemic on most measures and on four bordering countries to Ukraine after the Russian invasion in 2022. However, the movements are not large and are not apparent everywhere....
Persistent link: https://www.econbiz.de/10014322884
Analyses of self-reported-well-being (SWB) survey data may be confounded if people use response scales differently. We use calibration questions, designed to have the same objective answer across respondents, to measure dimensional (i.e., specific to an SWB dimension) and general (i.e., common...
Persistent link: https://www.econbiz.de/10014372485
wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have … especially so at older ages. This research examines the association of cognitive skills with wealth, wealth growth, and wealth …
Persistent link: https://www.econbiz.de/10012463385
Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in … about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear …
Persistent link: https://www.econbiz.de/10012459670
This paper studies the links between income, sexual behavior and reported happiness. It uses recent data on a random …. Greater income does not buy more sex, nor more sexual partners. The typical American has sexual intercourse 2-3 times a month …
Persistent link: https://www.econbiz.de/10012468194
Across many studies subjective well-being follows a U-shape in age, declining until people reach middle-age, only to rebound subsequently. Ill-being follows a mirror-imaged hump-shape. But this empirical regularity has been replaced by a monotonic decrease in illbeing by age. The reason for the...
Persistent link: https://www.econbiz.de/10014528377
Happiness data--survey respondents' self-reported well-being (SWB)--have become increasingly common in economics research, with recent calls to use them in policymaking. Researchers have used SWB data in novel ways, for example to learn about welfare or preferences when choice data are...
Persistent link: https://www.econbiz.de/10014372484
the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and …We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which … proxy for utility with measures of subjective well-being. We find robust evidence that the marginal utility of consumption …
Persistent link: https://www.econbiz.de/10012464556
of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by … consumption monitoring and wealth is observed, the effect of higher wealth on equilibrium bribes is ambiguous (and that the …There are a large number of cases where corruption has been discovered investigating levels of consumption that appear …
Persistent link: https://www.econbiz.de/10012465490
consumption is rarely measured because its collection requires a great deal of survey time. As a result income has been widely … used to assess economic well-being and poverty rates. Yet, because households can use wealth to consume more than income … the relationship between income-based and consumption-based poverty measures. We find that the poverty rate based on …
Persistent link: https://www.econbiz.de/10012465981