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Does relative income matter? : are the critics right?
Layard, Peter R. G.; Mayraz, Guy; Nickell, Stephen J. - 2009
variable. We also use the Panel to compare the effect of income comparisons and of adaptation as factors explaining the stable … level of life-satisfaction: income comparisons emerge as much the more important. 3) When in our U.S. analysis we introduce … - further supporting the view that comparisons matter. 4) Finally, for a panel of European countries since 1973 we estimate the …
Persistent link: https://www.econbiz.de/10011635703
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Life satisfaction
Kapteyn, Arie; Smith, James P.; Soest, Arthur van - 2009
We analyze the determinants of global life satisfaction in two countries (The Netherlands and the U.S.), by using both self-reports and responses to a battery of vignette questions. We find global life satisfaction of happiness is well-described by four domains: job or daily activities, social...
Persistent link: https://www.econbiz.de/10003810881
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Multidimensional affluence : theory and applications to Germany and the US
Peichl, Andreas; Pestel, Nico - 2011
This paper suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analyzing the...
Persistent link: https://www.econbiz.de/10009379623
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The second paycheck to keep up with the Joneses : relative income concerns and labor market decisions of married women
Park, Yongjin - 2005
This paper investigates whether one's effort to keep up with the Joneses has any effect on labor supply behavior. We provide a simple model and empirical evidence that labor supply decisions of married women are influenced by relative as well as absolute income of their husbands. We find, after...
Persistent link: https://www.econbiz.de/10011527439
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Why does unemployment hurt the employed? : evidence from the life satisfaction gap between the public and the private sector
Lüchinger, Simon (contributor); Meier, Stephan (contributor) - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers' well-being by exploiting sectorspecific institutional differences in...
Persistent link: https://www.econbiz.de/10003667024
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Why does unemployment hurt the employed? : evidence from the life satisfaction gap between the public and private sectors
Lüchinger, Simon; Meier, Stephan; Stutzer, Alois - 2008 - Version of: March 11, 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10011632445
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Racial diversity, immigrants and the well-being of residents : evidence from U.S. counties
Kuroki, Masanori - 2017
This paper presents empirical evidence that racial diversity and immigrant population at the local level tend to be associated with lower life satisfaction for Whites by matching individual data with the county-level population data during the period 2005-2010. The magnitudes I find suggest that...
Persistent link: https://www.econbiz.de/10012114070
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Natural hazard risk and life satisfaction : empirical evidence for U.S. hurricanes
Berlemann, Michael; Eurich, Marina - 2020
The ongoing process of climate change goes along with an increase in the frequency and severity of various sorts of natural disasters. While the existing literature has almost exclusively focused on studying the direct effects resulting from different types of disasters, the effect of changing...
Persistent link: https://www.econbiz.de/10012436249
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The short- and long-run determinants of less-educated immigration into US states
Simpson, Nicole B.; Sparber, Chad - 2012
This paper uses a gravity model of migration to analyze how income differentials affect the flow of immigrants into U.S. states using annual data from the American Community Survey. We add to existing literature by decomposing income differentials into short- and long-term components and by...
Persistent link: https://www.econbiz.de/10009534978
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The Short- and Long-Run Determinants of Less-Educated Immigration into U.S. States
Simpson, Nicole B. - 2012
This paper uses a gravity model of migration to analyze how income differentials affect the flow of immigrants into U.S. states using annual data from the American Community Survey. We add to existing literature by decomposing income differentials into short- and long-term components and by...
Persistent link: https://www.econbiz.de/10013108227