Showing 1 - 10 of 65
This paper looks at the information content of satisfaction scores. It is argued that the information content depends … within one year. This leads to the conclusion that the information content of satisfaction scores accentuates recent changes …-term impact on living conditions. The usefulness of satisfaction scores as an indicator of people's living conditions is discussed. …
Persistent link: https://www.econbiz.de/10011600948
groupsare most detrimental to life satisfaction? The analysis is based on data from the 2008 and 2009 pretest modules of the …. The consequences of such comparisons for life satisfaction prove to be negative: the more importance an individual … attaches to income comparisons with reference groups, the lower his or her life satisfaction. Income relative to neighbors and …
Persistent link: https://www.econbiz.de/10011600975
How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking...
Persistent link: https://www.econbiz.de/10011601038
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...
Persistent link: https://www.econbiz.de/10011600825
Economists increasingly recognise the importance of personality traits for socioeconomic outcomes, but little is known about the stability of these traits over the life cycle. Existing empirical contributions typically focus on age patterns and disregard cohort and period influences. This paper...
Persistent link: https://www.econbiz.de/10012793240
We quantify the importance of precautionary labor supply using data from the German Socio-Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011509341
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...
Persistent link: https://www.econbiz.de/10005017433
Trotz steigender Wirtschaftsleistung hat sich die Lebenszufriedenheit in Deutschland seit Beginn der 90er Jahre nicht erhöht, in Westdeutschland ist sie sogar gesunken. Mehr materieller Wohlstand bedeutet also nicht automatisch mehr Wohlstand im Sinne von Lebensglück. Was aber sind dann die...
Persistent link: https://www.econbiz.de/10011600901
Persistent link: https://www.econbiz.de/10011600902
divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we … find that a higher satisfaction gap, even in the first year of marriage, increases the likelihood of a future separation … in the effect of happiness gaps: couples are more likely to break-up when the difference in life satisfaction is …
Persistent link: https://www.econbiz.de/10011600904