Narrow search
Showing 1 - 10 of 8,614
Cover Image
Personality, Well-being and Heterogeneous Valuations of Income and Work
Schurer, Stefanie; Yong, Jongsay - Melbourne Institute of Applied Economic and Social … - 2010
Using Australian longitudinal data and a random coefficient approach, this paper investigates whether personality … traits explain the heterogeneity in these valuations. We find that differences in subjective well-being are driven by …
Persistent link: https://www.econbiz.de/10008548742
Cover Image
Personality, well-being and the marginal utility of income: What can we learn from random coefficient models?
Schurer, Stefanie; Yong, Jongsay - School of Economics and Finance, Victoria Business School - 2012
explores whether these forms of heterogeneity depend on the Big-Five personality traits. Using unique Australian longitudinal … multiple forms of heterogeneity. Big-Five personality explains 10 percent of the variation in intercept heterogeneity and 6 … controlling for intercept heterogeneity and identifying effects of time-varying variables. This paper investigates the usefulness …
Persistent link: https://www.econbiz.de/10010904182
Cover Image
Two explanations to the willingness to accept and willingness to pay gap plus an alternative
Beja Jr, Edsel - Volkswirtschaftliche Fakultät, … - 2012
The gap between the willingness to accept and willingness to pay is the outcome of incomplete valuation. The problem therefore is more about completing the valuation procedure. The first part of the solution involves two items: one is the inclusion of the direct and indirect income effects and...
Persistent link: https://www.econbiz.de/10009647256
Cover Image
What Happiness Research Can Tell Us About Self-Control Problems and Utility
Stutzer, Alois; Frey, Bruno S. - Institute for the Study of Labor (IZA) - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005703642
Cover Image
What do happy people choose: rapid economic growth or stable economy?
Beja Jr., Edsel L. - Volkswirtschaftliche Fakultät, … - 2012
How SWB affects individual states, outcomes, or decisions is well established in the literature, but how it affects macroeconomic states, outcomes, or decisions remains an open empirical question. This paper focuses on the public policy issue of economic progress defined as either rapid economic...
Persistent link: https://www.econbiz.de/10011110145
Cover Image
What Happiness Research Can Tell Us About Self-Control Problems And Utility Misprediction
Stutzer, Alois; Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005627976
Cover Image
Well-Being over the Life Span: Semiparametric Evidence from British and German Longitudinal Data
Wunder, Christoph; Wiencierz, Andrea; Schwarze, Johannes; … - In: The Review of Economics and Statistics 95 (2013) 1, pp. 154-167
This paper applies semiparametric regression models using penalized splines to investigate the profile of well-being over the life span. Using data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel Study (SOEP), the analysis shows a common, and quite similar,...
Persistent link: https://www.econbiz.de/10011010028
Cover Image
"I'm afraid I have bad news for you…" Estimating the impact of different health impairments on subjective well-being
Binder, Martin; Coad, Alex - Science and Technology Policy Research (SPRU), School … - 2012
Persistent link: https://www.econbiz.de/10010612086
Cover Image
Testing the Easterlin Hypothesis with Panel Data: The Dynamic Relationship between Life Satisfaction and Economic Growth in Germany and the UK
Pfaff, Tobias; Hirata, Johannes - Forschungsbasierte Infrastruktureinrichtung … - 2013
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross-section but not over time) on a global level. We make a case for testing the Easterlin hypothesis at the country level where individual panel data allow exploiting important...
Persistent link: https://www.econbiz.de/10010787007
Cover Image
Sundays Are Blue: Aren’t They? - The Day-of-the-Week Effect on Subjective Well-Being and Socio-Economic Status
Akay, Alpaslan; Martinsson, Peter - Nationalekonomiska institutionen, Handelshögskolan - 2009
This paper analyses whether individuals are influenced by the day of the week when reporting subjective well-being. By using a large panel data set and controlling for observed and unobserved individual characteristics, we find a large day-of the-week effect. Overall, we find a ‘blue’ Sunday...
Persistent link: https://www.econbiz.de/10008496442