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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
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …
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Interest in the topic of well-being has burgeoned in recent years as the weaknesses of gross domestic product (GDP) per capita as a proxy for well-being have become more apparent. At the same time, the global economy has experienced a productivity slowdown. Since productivity growth is...
Persistent link: https://www.econbiz.de/10013346900
Governance indicators are now widely used as tools for conducting development dialogue, allocating external assistance and influencing foreign direct investment. This paper argues that available governance indicators are not suitable for these purposes as they do not conceptualize governance and...
Persistent link: https://www.econbiz.de/10010298608
This paper attempts to provide a comprehensive analysis of interrelationships among the determinants of the quality of life (QOL). We show that various measures of well-being are highly sensitive to domains of QOL that are considered in the construction of comparative indices, and how measurable...
Persistent link: https://www.econbiz.de/10010284660
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
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
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