Using the 2015 introduction of a statutory minimum wage in Germany as a quasi-experiment, I investigate the effects of wage increases on personality. The degree to which each worker's wage is intended to be affected by the reform is used as an instrument for the relative increase in the worker's...

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...

This paper presents a methodology for comparing income rank volatility profiles over time and across distributions. While most of the existing measures are affected by changes in marginal distributions, this paper proposes a framework that is based on individuals' relative positions in the...

Modeling the impacts of climate change presents a complex challenge arising from the wide-ranging processes underlying the working of markets, ecosystems, and human behavior. The analytical framework used in this monograph integrates modeling components that range from the macro to the micro to...

According to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) (Le Treut et al. 2007, 96), climate is defined as average weather over a period of time, ranging from months to millions of years. Climate is usually described in terms of the mean and variability...

We survey the literature on income mobility, aiming to provide an integrated discussion of mobility within- and between-generations. We review mobility concepts, descriptive devices, measurement methods, data sources, and recent empirical evidence.

The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...