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Local neighbors as positives, regional neighbors as negatives : competing channels in the relationship between others' income, health, and happiness
Ifcher, John; Zarghamee, Homa; Graham, Carol - 2016
We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income hypothesis (RIH) and altruism). The relationship is...
Persistent link: https://www.econbiz.de/10011476321
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The Easterlin Paradox
Easterlin, Richard A.; O'Connor, Kelsey J. - 2020
The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … vitiates the otherwise positive effect of own-income growth on happiness. Critics of the Paradox mistakenly present the …
Persistent link: https://www.econbiz.de/10012391355
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The Easterlin paradox
Easterlin, Richard A.; O'Connor, Kelsey J. - 2020
The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … vitiates the otherwise positive effect of own-income growth on happiness. Critics of the Paradox mistakenly present the …
Persistent link: https://www.econbiz.de/10012372750
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Relative income and happiness : an Experiment
Ifcher, John; Zarghamee, Homa S.; Houser, Daniel; Diaz, Lina - 2018
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
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Income and well-being
Ferrer-i-Carbonell, Ada - 2002
happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main … 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
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Wealth and subjective well-being in Germany
Jantsch, Antje; Le Blanc, Julia; Schmidt, Tobias - 2022
Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic situation, which should in turn affect their subjective well-being. We analyse empirically the relationship between life satisfaction as an indicator of subjective well being and...
Persistent link: https://www.econbiz.de/10013171766
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On well-being of households in Japan and post-disaster reinstatement
Shukla, Jyoti; Yukutake, Norifumi; Tiwari, Piyush - 2021
There are multidimensional short- and long-term impacts of disasters (natural and man-made) on human well-being. Despite this, restitution strategies have predominantly relied on asset-based approaches to measure disaster losses and craft such strategies. There is a growing realization that for...
Persistent link: https://www.econbiz.de/10012425274
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Measuring progress
O'Connor, Kelsey J. - 2022
Societal progress is characterized primarily as an improvement in the distribution of wellbeing; however, a small set of additional variables are also necessary. Social indicators based on objective measures are inherently limited by the subjective assessments necessary of "experts" to select...
Persistent link: https://www.econbiz.de/10013457675
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How do savings and personal budgeting matter on financial literacy and well-being
Versal, Nataliia; Honchar, Ihor; Balytska, Mariia; … - In: Business, mangagement and economics engineering : BMEE 21 (2023) 2, pp. 190-203
Purpose - the well-being of individuals plays a vital role in fostering sustainable economic development. The differentiation between subjective and objective well-being in selected EU and selected non-EU countries, with a particular focus on financial literacy, as individuals' assessments of...
Persistent link: https://www.econbiz.de/10014487620
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How the well-being function varies with age : the importance of income, health, and social relations over the life cycle
Bitzer, Jürgen; Gören, Erkan; Welsch, Heinz - 2023 - This Version: July 2023
Previous literature has identified income, poor health and social relationships as the most important predictors of subjective well-being (SWB). In addition, the literature has identified a non-linear relationship between age and SWB, with a dip in SWB in mid-life. Explanations of the non-linear...
Persistent link: https://www.econbiz.de/10014308146