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Adaptation to poverty in long-run panel data
Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - 2014
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 45,800 individuals living in Germany from 1992 to 2011 to show first that life satisfaction falls with both the incidence and intensity of...
Persistent link: https://www.econbiz.de/10010334235
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Will GDP growth increase happiness in developing countries?
Clark, Andrew E.; Senik, Claudia - 2011
This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of … available international evidence pertaining to the relationship between income growth and subjective well-being. Consistent with … the Easterlin paradox, higher income is always associated with higher happiness scores, except in one case: whether growth …
Persistent link: https://www.econbiz.de/10010278591
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Do sticky wages matter? New evidence from matched firm-survey and register data
Funk, Anne Kathrin; Kaufmann, Daniel - 2020
match individual wages from a bi-annual firm survey with information on annual income and employment from social security … income. We then identify the allocative effects of downward nominal wage rigidities on income and employment after an … unexpected 1% decline of the consumer price level. Base wage rigidities cause a decline of aggregate income (-0.39%) and …
Persistent link: https://www.econbiz.de/10012609074
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Adaptation to Poverty in Long-Run Panel Data
Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - 2014
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...
Persistent link: https://www.econbiz.de/10010468180
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - 2011
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010280689
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - 2012
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010286974
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Do sticky wages matter? New evidence from matched firm-survey and register data
Funk, Anne Kathrin; Kaufmann, Daniel - 2020
match individual wages from a bi-annual firm survey with information on annual income and employment from social security … employment income. We then identify the allocative effects of downward nominal wage rigidities on income and employment after an … unexpected 1% decline of the consumer price level. Base wage rigidities cause a decline of aggregate income (-0.39%) and …
Persistent link: https://www.econbiz.de/10012429364
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Do sticky wages matter? New evidence from matched firm-survey and register data
Funk, Anne Kathrin; Kaufmann, Daniel - 2020
match individual wages from a bi-annual firm survey with information on annual income and employment from social security … employment income. We then identify the allocative effects of downward nominal wage rigidities on income and employment after an … unexpected 1% decline of the consumer price level. Base wage rigidities cause a decline of aggregate income (-0.39%) and …
Persistent link: https://www.econbiz.de/10012546035
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Effort and comparison income : experimental and survey evidence
Clark, Andrew E. (contributor); Masclet, David (contributor) - 2006
. The individual's rank in the income distribution is a stronger determinant of effort than others' average income …This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift …: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given …
Persistent link: https://www.econbiz.de/10003333113
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Happiness, habits and high rank : comparisons in economic and social life
Clark, Andrew E. - 2012
activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income …
Persistent link: https://www.econbiz.de/10009557657