Showing 1 - 10 of 79
Economics rests upon a set of presumptions about how human beings are affected by income. Yet causal evidence is scant. This paper reports a longitudinal study of randomly selected lottery winners. Remarkably, we show that it takes almost three years before they enjoy their money. We develop a...
Persistent link: https://www.econbiz.de/10010315565
Internet usage in general and social networking platforms (SNPs) in particular have dramatically changed the way we spend our time. A relevant question is how this change in time-use affected the well-being of people in general and younger people in particular. We answer this question by...
Persistent link: https://www.econbiz.de/10012654450
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/10010316897
Do people care about income inequality and does income inequality affect subjective well-being? Welfare theories can predict either a positive or a negative impact of income inequality on subjective well-being and empirical research has found evidence on a positive, negative or non significant...
Persistent link: https://www.econbiz.de/10010336043
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with...
Persistent link: https://www.econbiz.de/10010315482
This paper uses recent data for Germany and a new outcome variable to assess the consequences of parental separation on the well-being of youths. In particular, it is considered how subjective well-being, elicited from an ordinal 11-point general life satisfaction question, differs between...
Persistent link: https://www.econbiz.de/10010315518
High parental income, while undeniably causing benefits for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a child's income aspirations and thereby reduce financial satisfaction, ceteris paribus. In this paper, we...
Persistent link: https://www.econbiz.de/10010315544
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative … superiority of the continuous scale. Results raise doubts about earlier inferences drawn on correlates of happiness. So far only … self-assessed discrete happiness data have been used for research into the determinants of happiness. However, distribution …
Persistent link: https://www.econbiz.de/10010316886
typical Tullock Challenges. The first relates to method: the measurement of subjective well-being, or happiness. The second …
Persistent link: https://www.econbiz.de/10010316889
happiness in a large Dutch internet panel survey. We find that slower responses and higher cognitive effort reduce reported … happiness. Moreover, in multivariate happiness equations, these factors moderate the estimated effect of income on happiness …, while no interaction effects are found for other determinants of happiness. As a consequence, relative marginal effects may …
Persistent link: https://www.econbiz.de/10010316901