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Heterogeneity in the relationship between happiness and age: Evidence from the German socio-economic panel
Baetschmann, Gregori - 2011
This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal … and time effects. The empirical part analyzes the distribution of life satisfaction over the life course at the aggregated …, subgroup and individual level. To the findings: On average, life satisfaction is mildly decreasing up to age fifty …
Persistent link: https://www.econbiz.de/10010316897
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Relative status and satisfaction
Boes, Stefan; Staub, Kevin E.; Winkelmann, Rainer - 2008
This paper investigates the relationship between income satisfaction of adult children and their relative economic … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an …
Persistent link: https://www.econbiz.de/10010315482
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The science of making better decisions about health: Cost-effectiveness and cost-benefit analysis
Russell, Louise B. - 2014
Despite spending far more on medical care, Americans live shorter lives than the citizens of other high-income countries. The situation has been getting worse for at least three decades. This paper describes the main scientific methods for guiding the allocation of resources to health -...
Persistent link: https://www.econbiz.de/10011396837
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Value of Life, Value of Time, and Constant Relative Risk Aversion Utility.
Feldman, Allan M. - 1998
This paper develops two straightforward value of life models; one is a probabilistic value of life model and the second is a determinstic value of time model. Simplifying assumptions allow both models to be solved analytically. Constant relative risk aversion utility functions are used, and both...
Persistent link: https://www.econbiz.de/10010420250
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Are the effects of informational interventions driven by salience?
Bettinger, Eric; Cunha, Nina Menezes; Lichand, Guilherme; … - 2020
Informational interventions have been shown to significantly change behavior across a variety of settings. Is that because they lead subjects to merely update beliefs in the right direction? Or, alternatively, is it to a large extent because they increase the salience of the decision they...
Persistent link: https://www.econbiz.de/10012244612
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Happy times: Identification from ordered response data
Liu, Shuo; Netzer, Nick - 2020
Surveys are an important tool in economics and in the social sciences more broadly. However, methods used to analyse ordinal survey data (e.g., ordered probit) rely on strong and often unjustified distributional assumptions. In this paper, we propose using survey response times to solve that...
Persistent link: https://www.econbiz.de/10012420683
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Happy times: Measuring happiness using response times
Liu, Shuo; Netzer, Nick - 2023
Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered response models, which are commonly used to analyze such data, suffer from a fundamental identification problem. Their conclusions depend on unjustified assumptions about the...
Persistent link: https://www.econbiz.de/10014333771
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Are the effects of informational interventions driven by salience?
Bettinger, Eric; Cunha, Nina Menezes; Lichand, Guilherme; … - 2021
Informational interventions have been shown to significantly change behavior across a variety of settings. Is that because they lead subjects to merely update beliefs in the right direction? Or, alternatively, is it to a large extent because they increase the salience of the decision they...
Persistent link: https://www.econbiz.de/10012439350
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Are the effects of informational interventions driven by salience?
Bettinger, Eric; Cunha, Nina Menezes; Lichand, Guilherme; … - 2021
Informational interventions have been shown to significantly change behavior across a variety of settings. Is that because they lead subjects to merely update beliefs in the right direction? Or, alternatively, is it to a large extent because they increase the salience of the decision they...
Persistent link: https://www.econbiz.de/10012523366
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Happy times: Identification from ordered response data
Liu, Shuo; Netzer, Nick - 2021
Surveys that are designed to measure subjective states (e.g., happiness) typically generate ordinal data. A fundamental problem is that methods used to analyse ordinal data (e.g., ordered probit) rely on strong and often unjustified distributional assumptions. In this paper, we propose using...
Persistent link: https://www.econbiz.de/10012588493