Showing 1 - 10 of 8,614
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
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
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
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
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
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
satisfaction by using fixed effects models taking into account regional heterogeneity and generational effects. A robust negative …
Persistent link: https://www.econbiz.de/10011099053
or negative direction. This is a result found via five different methods, some of which control for personality and …
Persistent link: https://www.econbiz.de/10011111195
This study discusses and employs dynamic panel data to investigate life satisfaction. A key result is that approximately 90% of the impact of any commonly measured variable on well-being is contemporaneous. This reflects the finding that lagged life satisfaction has a small, positive and...
Persistent link: https://www.econbiz.de/10011111478
This paper contributes to the literature on subjective well-being (SWB) by taking into account different aspects of life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two-layer model where individual total SWB depends on the...
Persistent link: https://www.econbiz.de/10011257056