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A "happiness test" for the new measures of national well-being: How much better than GDP are they?
Delhey, Jan; Kroll, Christian - 2012
Across the globe there is growing skepticism about the usefulness of GDP as a measure of national well-being. Consequently, several alternative quality-of-life (QOL) measures were developed which either aim at healing the GDP, complementing it, or replacing it. This chapter portrays some of...
Persistent link: https://www.econbiz.de/10010309614
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The new stylized facts about income and subjective well-being
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2012
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...
Persistent link: https://www.econbiz.de/10010291356
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What (If Anything) Do Satisfaction Scores Tell Us about the Intertemporal Change in Living Conditions
Wunder, Christoph; Schwarze, Johannes - 2010
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
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Time and income poverty: An interdependent multidimensional poverty approach with German time use diary data
Merz, Joachim; Rathjen, Tim - 2009
Socio-Economic Panel and estimate the substitution by a CES-utility function of general utility/satisfaction. Given this … Substitution mit einer CES-Nutzenfunktion einer generellen Zufriedenheit. Mit dieser Qantifizierung können wir dann singuläre Zeit …
Persistent link: https://www.econbiz.de/10010290516
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Should National Happiness Be Maximized?
Frey, Bruno S.; Stutzer, Alois - 2007
Persistent link: https://www.econbiz.de/10011390608
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The Happiness Gains From Sorting and Matching in the Labor Market
Luechinger, Simon; Stutzer, Alois; Winkelmann, Rainer - 2007
Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on subjective well-being it is possible...
Persistent link: https://www.econbiz.de/10011390612
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The Life Satisfaction Approach to Environmental Valuation
Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2009
individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction …-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare …. Micro-econometric life satisfaction functions are estimated taking into account environmental conditions along with income …
Persistent link: https://www.econbiz.de/10011390638
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Ekonomie a štěstí
Štika, Pavel - 2008
In this paper I am trying to provide the reader with a brief overview of contemporary discussion about recently frequently mentioned topic of economics and happiness. In the last few years the number of publications related to happiness from the economic perspective growth exponentially. As the...
Persistent link: https://www.econbiz.de/10010322158
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Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis
van Praag, Bernard M.S. - 2007
After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the...
Persistent link: https://www.econbiz.de/10010325462
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Analysis of Spatial Disparities by a Structural Equations Model
Cracolici, Maria Francesca; Cuffaro, Miranda; Nijkamp, Peter - 2008
This paper presents a new analytical framework for assessing spatial disparities among countries. It takes for granted that the analysis of a country’s performance cannot be limited solely to either economic or social factors. The aim of the paper is to combine relevant economic and...
Persistent link: https://www.econbiz.de/10010325947