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Multidimensional Affluence : Theory and Applications to Germany and the US
Peichl, Andreas - 2011
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10013120839
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Happiness, Habits and High Rank : Comparisons in Economic and Social Life
Clark, Andrew - 2012
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10013101869
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Happiness, habits and high rank : comparisons in economic and social life
Clark, Andrew E. - 2011
activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income …
Persistent link: https://www.econbiz.de/10009408713
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Happiness, habits and high rank : comparisons in economic and social life
Clark, Andrew E. - 2012
activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income …
Persistent link: https://www.econbiz.de/10009557657
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Happiness, Habits and High Rank : Comparisons in Economic and Social Life
Clark, Andrew - 2011
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10013120404
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Life Insurance Holdings and Well-Being of Surviving Spouses
Harris, Timothy F. - 2016
Premature death of a breadwinner can have devastating financial consequences on surviving dependents. This study investigates the role of life insurance in mitigating the long-run financial consequences of spousal mortality. Using the Health and Retirement Study, we examine individuals whose...
Persistent link: https://www.econbiz.de/10012996028
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Relative Income, Happiness and Utility : An Explanation for the Easterlin Paradox and Other Puzzles
Clark, Andrew; Frijters, Paul; Shields, Michael A. - 2021
in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …
Persistent link: https://www.econbiz.de/10013316988
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The shadow prices of voluntary caregiving : using panel data of well-being to estimate the cost of informal care
McDonald, Rebecca; Powdthavee, Nattavudh - 2018
sensitivity of income estimates used in valuation. We address the endogeneity issue by decomposing wellbeing losses into those … relative who had not had an accident. We use of the Fixed Effects Filtered (FEF) estimator to enable the permanent income … coefficient to be estimated free from individual fixed effects bias. This estimate is used instead of the transient income effect …
Persistent link: https://www.econbiz.de/10011865578
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The Anatomy of Subjective Well-Being
van Praag, B.M.S; Frijters, Paul; Ferrer-i-Carbonell, Ada - 2002
domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We estimate a model for …
Persistent link: https://www.econbiz.de/10014119784
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The anatomy of Subjective Well-Being
Praag, Bernard M. S. van; Frijters, Paul; … - 2001
domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We estimate a model for …
Persistent link: https://www.econbiz.de/10011435763