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The association between experiential and material expenditures and subjective well-being : new evidence from Hungarian survey data

Hajdu, Tamás; Hajdu, Gábor - 2015

In the last decade, a number of experiments have stated that spending money on experiences rather than on material goods tends to make people happier. However, the experimental designs used to analyze the relationship between consumption and subjective well-being had several limitations: small...

Persistent link: https://www.econbiz.de/10011450466

The happy cultural omnivore? : exploring the relationship between cultural consumption patterns and subjective well-being

Bertacchini, Enrico; Bolognesi, Valentina; Venturini, … - 2021

This paper proposes a novel approach to explore the relationship between cultural participation and subjective well-being. While most empirical research has considered such a connection using cultural and leisure activities individually or in additive terms, drawing from the sociological...

Persistent link: https://www.econbiz.de/10012624956

Why is satisfaction from pro-environmental behaviors increasing in costs? : insights from the rational-choice decision-error framework

Welsch, Heinz - 2023

The literature on subjective well-being (SWB) and the environment has found robust evidence of positive net marginal SWB from pro-environmental behavior (PEB), that is, positive marginal SWB net of the associated costs in terms of money, time and effort (Finding 1). Accordingly, people could...

Persistent link: https://www.econbiz.de/10014283751

Are pro-environmental consumption choices utility-maximizing? : evidence from subjective well-being data

Welsch, Heinz; Kühling, Jan - 2010 - Rev. version

This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one's own past behavior play in this context. By combining data on individuals' pro-environmental consumption from a unique...

Persistent link: https://www.econbiz.de/10010442764

The Pursuit of Subjective Well-Being through Specific Consumption Choice

Zimmermann, Stefan - 2014

This paper looks at the association of specific consumption goods with subjective well-being (SWB), using a representative sample of US individuals. There is a vast economic literature on the relationship between income and SWB, but surprisingly very little on how individuals spend their income...

Persistent link: https://www.econbiz.de/10013048763

Trust, Happiness, and pro-social behavior

Carattini, Stefano; Roesti, Matthias - 2020

This paper combines several large-scale surveys with different identification strategies to shed new light on the determinants of cooperative behavior. We provide evidence indicating that the well-being maximizing level of trust is above the income maximizing level. Higher trust is also linked...

Persistent link: https://www.econbiz.de/10012288022

Feeling good or feeling better?

Prati, Alberto; Senik-Leygonie, Claudia - 2020

well-being over time and to understate their past happiness. But this aggregate figure hides a deep asymmetry: while happy …

Persistent link: https://www.econbiz.de/10012203023

Do people choose what makes them happy and how do they decide at all? : a theoretical inquiry

Scheuer, Niklas - 2020

We develop a theoretical model that jointly explains optimal choices and happiness. We work with constant elasticity of … substitution functions for utility and happiness. Employing a choice framework, individuals are confronted with two options. When … there exists a trade-off, we determine parametric conditions for which individual happiness and utility coincide as well as …

Persistent link: https://www.econbiz.de/10012422914

Income or Consumption : Which Better Predicts Subjective Wellbeing?

Carver, Tom - 2016

The positive relationship between income and subjective wellbeing has been well documented. However, work assessing the relationship of alternative material wellbeing metrics to subjective wellbeing is limited. Consistent with the permanent income hypothesis, we find that a consumption measure...

Persistent link: https://www.econbiz.de/10012982856

Conspicuous Consumption and Satisfaction

Winkelmann, Rainer - 2012

Traditional tools of welfare economics identify the envy-related welfare loss from conspicuous consumption only under very strong assumptions. Measured income and life satisfaction offers an alternative for estimating such consumption externalities. The approach is developed in the context of...

Persistent link: https://www.econbiz.de/10014175781

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