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This chapter introduces identity utility to the study of (un)employment and (un)happiness. The concept is described in … alleviating the misery of the unemployed. Finally, research on work, happiness and identity is reconciled with a more standard …
Persistent link: https://www.econbiz.de/10012432441
We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel …-monotonic form. Our results suggest that the impact of working hours on happiness is rather small and exhibits an inverse U-shape. We …
Persistent link: https://www.econbiz.de/10010299165
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Persistent link: https://www.econbiz.de/10003970855
. -- Happiness ; life satisfaction ; income ; disutility of labor …We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel …
Persistent link: https://www.econbiz.de/10003876027
We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … previous studies applying this approach by taking reference income into account. This allows separating needs-based from … reference effects in the determination of income satisfaction. We show that this adjustment helps to overcome a bias causing an …
Persistent link: https://www.econbiz.de/10011547742
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Persistent link: https://www.econbiz.de/10013481429
We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel …-monotonic form. Our results suggest that the impact of working hours on happiness is rather small and exhibits an inverse U-shape. We …
Persistent link: https://www.econbiz.de/10008533647
We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel …-monotonic form. Our results suggest that the impact of working hours on happiness is rather small and exhibits an inverse U-shape. We …
Persistent link: https://www.econbiz.de/10004992435