Showing 1 - 10 of 66
In this study the relation between satisfaction with life and affluent income is analyzed by using cross-sectional and longitudinal data. The data used in this publication were made available by the German Socio Economic Panel Study (SOEP) at the German Institute for Economic Research (DIW...
Persistent link: https://www.econbiz.de/10013128105
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...
Persistent link: https://www.econbiz.de/10013130949
In a simple 2-period model of relative income under uncertainty, higher comparison income for the younger cohort can signal higher or lower expected lifetime relative income, and hence either increase or decrease well-being. With data from the German Socio-Economic Panel and the British...
Persistent link: https://www.econbiz.de/10013113216
Using longitudinal data from the German Socio-Economic Panel, we estimate the variation of subjective well-being experienced by Germans over the last two decades testing the role of some of the major correlates of people's well-being. Our results suggest that the variation of Germans' well-being...
Persistent link: https://www.econbiz.de/10013117311
This paper examines the existence of a habituation effect to unemployment: Do the unemployed suffer less from job loss if unemployment is more widespread, if their own unemployment lasts longer and if unemployment is a recurrent experience? The underlying idea is that unemployment hysteresis may...
Persistent link: https://www.econbiz.de/10013121282
While a large body of evidence suggests that unemployment and self-reported happiness are negatively correlated, it is … not clear whether this reflects a causal effect of unemployment on happiness and whether subsidized employment can … increase the happiness of the unemployed. To close this gap, this paper estimates the causal effect of a type of subsidized …
Persistent link: https://www.econbiz.de/10013123495
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … addition to the Easterlin paradox, which states that the time trend in average happiness is flat during episodes of long …-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …
Persistent link: https://www.econbiz.de/10013101556
We show that personality traits mediate the effect of income on Life Satisfaction. The effect is strong in the case of Neuroticism, which measures the sensitivity to threat and punishment, in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism increases the...
Persistent link: https://www.econbiz.de/10013101866
Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests of the effects often rely on self-constructed measures from survey data. This paper shows that results can be highly sensitive to simple parameter changes. Using large-scale...
Persistent link: https://www.econbiz.de/10013081629
Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307,465 observations for subjective well-being and its covariates from Germany, 1990-2009, to study whether the nature of income comparison has changed in the process of economic development, and...
Persistent link: https://www.econbiz.de/10013082617