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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
The question of whether there is a connection between income and psychological well-being is a long-studied issue … show that adolescents and young adults who report higher life satisfaction or positive affect grow up to earn significantly … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is …
Persistent link: https://www.econbiz.de/10010291399
Society drifts apart in many dimensions. Economists focus on income of the poor and rich and the distribution of income … of multidimensional polarization we extend the income dimension by time, a pre-requisite and fundamental resource of any …) polarization compensation between time and income, parameters of a CES-type subjective well-being function, is evaluated …
Persistent link: https://www.econbiz.de/10014374271
ongoing discussion of the relationship between life satisfaction and income. The panel property of the data makes it possible … to study also the impact on satisfaction from income changes as well as the impact from acceleration in income and … the impact on self-reported satisfaction from a number of economic and demographic variables. The paper contributes to the …
Persistent link: https://www.econbiz.de/10010269451
The main purpose of the present paper is to disentangle the mix-up of the notions of success and satisfaction which is … relationship and measurement. We show that satisfaction contains success as one component, and that both coincide under the … satisfaction. In the context of the discussion of both notions we also address their relationship to different types of luck. …
Persistent link: https://www.econbiz.de/10010326272
zusammenfassende Bewertung der nachhaltigen Zufriedenheit des Gründers mit der Selbstständigkeit. Unter Verwendung eines großzahligen … durchgehend als wichtigste Größe für die nachhaltige Zufriedenheit. Die empirische Analyse wendet Logitmodelle an, ergänzende … thereby implies the entrepreneur's overall satisfaction with his or her self-employment. Using a large sample of 1,332 start …
Persistent link: https://www.econbiz.de/10011306646
self-reported satisfaction regarding their start-up. Our study identifies a new facet of procedural utility and offers new … entrepreneurs that “cannot get satisfaction” with their start-up—not because their start-up fails to deliver financial returns, but …-financial incentives of entrepreneurs. While financial success is the most important determinant of start-up satisfaction, achievement of …
Persistent link: https://www.econbiz.de/10010325832
, and overall life satisfaction? Labor supply and corresponding demand are fundamental to production. Labor economists know …
Persistent link: https://www.econbiz.de/10010331448
This paper uses Japanese data which includes measures of self-declared satisfaction, reference-group income, and the … colleagues, and compare their incomes more. The relationship between satisfaction and others' income is negative, and more … cell-mean income in explaining satisfaction, and would arguably make a useful addition to many existing surveys. …
Persistent link: https://www.econbiz.de/10010332346
This paper looks at the information content of satisfaction scores. It is argued that the information content depends … within one year. This leads to the conclusion that the information content of satisfaction scores accentuates recent changes …-term impact on living conditions. The usefulness of satisfaction scores as an indicator of people's living conditions is discussed. …
Persistent link: https://www.econbiz.de/10011600948