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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 we allow compensation between time and income, parameters of a CES-type subjective well-being function, where a …
Persistent link: https://www.econbiz.de/10012703698
satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …: for a given number of years in poverty, satisfaction is lower when the years are linked together. As such, poverty …
Persistent link: https://www.econbiz.de/10010493169
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 we allow compensation between time and income, parameters of a CES-type subjective well-being function, where a …
Persistent link: https://www.econbiz.de/10012703081
show that the observed income effect on subjective well-being is much weaker for the happiness index than for life … (3) the relationship between income and the happiness index is weak and stable over the whole distribution when basic … Lang (2019). The classical OLS and ordered probit analysis of self-reported life satisfaction of employees from 32 European …
Persistent link: https://www.econbiz.de/10012058590
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/10013258566
Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …
Persistent link: https://www.econbiz.de/10011975532
Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …
Persistent link: https://www.econbiz.de/10011978752
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main … income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with … that the income of the reference group is about as important as own income for individual happiness, that individuals are …
Persistent link: https://www.econbiz.de/10011326410
variations in the underlying income type substantially affect tests of the relationship between life satisfaction, income rank …Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests …, reference income, and income adaptation. Models simultaneously controlling for income and income rank as well as models with a …
Persistent link: https://www.econbiz.de/10009747812