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Economic consequences of mispredicting utility

Frey, Bruno S.; Stutzer, Alois - 2013

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

Persistent link: https://www.econbiz.de/10010317256

Economic Consequences of Mispredicting Utility

Frey, Bruno S.; Stutzer, Alois - Forschungsbasierte Infrastruktureinrichtung … - 2013

Persistent link: https://www.econbiz.de/10010896265

Are senior entrepreneurs happier than who? The role of income and health

Fritsch, Michael; Sorgner, Alina; Wyrwich, Michael - 2023

We propose an extension of the standard occupational choice model to analyze the life satisfaction of senior entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status as main factors that shape the relationship between...

Persistent link: https://www.econbiz.de/10014438357

Experienced well-being and labor market status: The role of pleasure and meaning

Wolf, Tobias; Metzing, Maria; Lucas, Richard E. - 2019

This paper examines experienced well-being of employed and unemployed workers. We use the survey-adapted day reconstruction method (DRM) of the Innovation Sample of the German Socio-Economic Panel Study (SOEP-IS) to analyze the role of the employment status for well-being, incorporating complete...

Persistent link: https://www.econbiz.de/10012041907

Heterogeneity in the relationship between happiness and age: Evidence from the German socio-economic panel

Baetschmann, Gregori - 2012

This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal interpretation of the econometric model by discussing the choice of control variables and the underidentification between age, cohort and time effects. The empirical part analyzes the...

Persistent link: https://www.econbiz.de/10010287573

Heterogeneity in the Relationship between Happiness and Age: Evidence from the German Socio-Economic Panel

Baetschmann, Gregori - Forschungsbasierte Infrastruktureinrichtung … - 2012

Persistent link: https://www.econbiz.de/10010569756

Choices Which Change Life Satisfaction: Similar Results for Australia, Britain and Germany

Headey, Bruce; Muffels, Ruud; Wagner, Gert G. - 2010

accepted theory of SWB, set-point theory. This theory holds that adult SWB is stable in the medium and long term, although … temporary fluctuations occur due to life events. Set-point theory has come under increasing criticism in recent years, primarily … explanations which can account for medium and long term change, and not merely stability in SWB. Set-point theory is limited …

Persistent link: https://www.econbiz.de/10011600944

Consumption-Savings Decisions under Upward Looking Comparisons: Evidence from Germany, 2002-2011

Drechsel-Grau, Moritz; Schmid, Kai D. - Forschungsbasierte Infrastruktureinrichtung … - 2013

We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived...

Persistent link: https://www.econbiz.de/10010787019

Consumption-savings decisions under upward looking comparisons: Evidence from Germany, 2002-2011

Drechsel-Grau, Moritz; Schmid, Kai D. - 2013

We demonstrate that interpersonal comparisons lead to keeping up with the Joneses-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived to...

Persistent link: https://www.econbiz.de/10010322838

Exposure to past immigration waves and attitudes toward newcomers

Gihleb, Rania; Giuntella, Osea; Stella, Luca - 2022

How does previous exposure to massive immigrant inflows affect concerns about current immigration and the integration of refugees? To answer this question, we investigate attitudes toward newcomers among natives and previous immigrants. In areas that in the 1990s received higher inflows of...

Persistent link: https://www.econbiz.de/10013414464