Using hedonic pricing models, this paper analyzes the impact of places of worship on the prices of adjacent condominiums in Hamburg, Germany. This is the first study on this subject to have been conducted outside the United States. It is also the first work to examine the externalities of places...

This study analyses time-dependent rhythms in happiness in three aspects. We show that the Sunday neurosis exists exclusively for men with a medium level of education and both men and women with high levels of education. Men with high levels of education may even experience a weekend neurosis....

Becoming unemployed has negative effects on life satisfaction; a transition from unemployment to employment, however, has only small positive effects. This asymmetry indicates a potential "omitted variable bias" in previous empirical happiness studies, with the consequence of underesti-mated...

In den 90er Jahren kam es zu einem weltweiten Boom bei den Direktinvestitionen. Im Gegensatz zu vergleichbaren Entwicklungen in den 80er Jahren haben auch eine Reihe von Entwicklungsländern in erheblichem Umfang Direktinvestitionskapital empfangen. Diese breitere Streuung hat auch...

Becoming unemployed has negative effects on life satisfaction; a transition from unemployment to employment, however, has stronger positive effects in absolute terms. The asymmetry of the non-pecuniary effect indicates a potential “omitted variable bias” in previous empirical happiness studies

Becoming unemployed has negative effects on life satisfaction; a transition from unemployment to employment, however, has only small positive effects. This asymmetry indicates a potential 'omitted variable bias' in previous empirical happiness studies, with the consequence of underestimated...