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Does the choice of well-being measure matter empirically? : an illustration with German data

Decancq, Koen; Neumann, Dirk - 2014

We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...

Persistent link: https://www.econbiz.de/10010423769

Does the choice of well-being measure matter empirically? : an illustration with German data

Decancq, Koen; Neumann, Dirk - 2014

Persistent link: https://www.econbiz.de/10010462001

German utility theory : analysis and translations

Chipman, John Somerset - 2014

1. Basic concepts and principles of political economy / Friedrich Benedikt Wilhelm von Hermann -- 2. Price determination through desire or demand / Friedrich Benedikt Wilhelm von Hermann -- 3. Extract from the second letter to Adolphe Quetelet / Karl Heinrich Rau -- 4. The valuation of national...

Persistent link: https://www.econbiz.de/10015068118

Income, happiness, and the disutility of labor

Knabe, Andreas; Rätzel, Steffen - 2009

We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel data, controlling for individual unobserved heterogeneity,...

Persistent link: https://www.econbiz.de/10003876027

Individual Well-Being in a Dynamic Perspective

D'Ambrosio, Conchita - 2011

This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...

Persistent link: https://www.econbiz.de/10012756895

Individual well-being in a dynamic perspective

D'Ambrosio, Conchita; Frick, Joachim R. - 2007 - This version: February 2007

Persistent link: https://www.econbiz.de/10011628625

Statistical aspects of stock picking and risk-averse behaviour

Timofeev, Roman - 2010

Persistent link: https://www.econbiz.de/10008810938

Taking Time Use Seriously : Income, Wages And Price Discrimination

Hamermesh, Daniel S. - 2018

substitution among commodities in utility functions. We then use the evidence of price discrimination in product markets against …

Persistent link: https://www.econbiz.de/10012480959

Reference Dependent Preferences and the Impact of Wage Increases on Job Satisfaction : Theory and Evidence

Grund, Christian - 2005

utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can … influence their wages by exerting effort, myopic utility maximization directly implies increasing and concave shaped wage … waves of the German Socio-Economic Panel we find empirical support for both the form of the utility function and the …

Persistent link: https://www.econbiz.de/10012784044

Taking Time Use Seriously : Income, Wages and Price Discrimination

Hamermesh, Daniel S. - 2018

commodities in utility functions. We then use the evidence of price discrimination in product markets against minorities in the U …

Persistent link: https://www.econbiz.de/10012906476