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A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via initiatives and referenda) and of federal structure (local autonomy) systematically and sizeably raise s elf-reported individual well-being. This positive effect can be attributed to...
Persistent link: https://www.econbiz.de/10009781520
Based on survey data for Switzerland, new empirical findings on direct democracy are presented. In the first part, we show that, on average, public employees receive lower financial compensation under more direct democratic institutions. However, top bureaucrats are more constrained in direct de...
Persistent link: https://www.econbiz.de/10009781717
We propose that outcome utility and process utility can be distinguished and empirically measured. People gain procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals enjoy both outcome and process utility, while foreigners...
Persistent link: https://www.econbiz.de/10011398899
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social capital and health for well-being and the new life satisfaction approach to valuing public goods. Work on utility … Satisfaction Approach', Economic Journal, 119 (536), March, 482-515 -- Daniel Kahneman and Richard H. Thaler (2006), 'Anomalies … Diener, Yannis Georgellis and Richard E. Lucas (2008), 'Lags and Leads in Life Satisfaction: A Test of the Baseline …
Persistent link: https://www.econbiz.de/10011852174
Persistent link: https://www.econbiz.de/10010486338
We study the importance of economists' professional situation toward their life satisfaction based on a unique survey … of mostly academic economists. On average, economists report to be highly happy with life. Satisfaction is positively … related to spending more time on doing research. The lack of a tenured position decreases satisfaction. However, the extent to …
Persistent link: https://www.econbiz.de/10010438344
Persistent link: https://www.econbiz.de/10001759257
This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction … these countries depresses life satisfaction in a sizeable and robust way. However, the calculation of the trade-off between …
Persistent link: https://www.econbiz.de/10002039247