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In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...
Persistent link: https://www.econbiz.de/10012264228
A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well-being. We attempt to bridge these two areas by measuring the extent to which...
Persistent link: https://www.econbiz.de/10011717717
Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty. Using panel data for 39,239 individuals living in Germany from 2005-2013, we show that people’s SWB is negatively correlated with the state-level poverty ratio while...
Persistent link: https://www.econbiz.de/10011582002
satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …: for a given number of years in poverty, satisfaction is lower when the years are linked together. As such, poverty …
Persistent link: https://www.econbiz.de/10010493169
Electricity from renewable sources avoids disadvantages of conventional power generation but often meets with local resistance due to visual, acoustic, and odor nuisance. We use representative panel data on the subjective well-being of 46,678 individuals in Germany, 1994 - 2012, for identifying...
Persistent link: https://www.econbiz.de/10011305328
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...
Persistent link: https://www.econbiz.de/10010462001
well-being. An application using high-quality German survey data supports the measure's validity. Specifically, the results … satisfaction substantially, quantitatively similar to unemployment. Finally, questions like preference vs. deprivation, cross …
Persistent link: https://www.econbiz.de/10011952499
satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …
Persistent link: https://www.econbiz.de/10010252812
unwilling might respond more negatively when being asked about their satisfaction with life. …
Persistent link: https://www.econbiz.de/10010257799
, job, and pay satisfaction between those who are affected by the reform according to their pre-intervention wages and those … satisfaction by 0.10 standard deviations (0.15 points on a ten-point Likert scale). Positive effects last at least until one year … after the reform. Life satisfaction tends to increase particularly in the region that is overall economically less developed …
Persistent link: https://www.econbiz.de/10011844512