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This paper deals with the effect of (i) damage experience from extreme weather events and (ii) expectations concerning …. The effect of experienced weather events on SWB of the heads of the households is only significant for heat waves; not for … weather experiences are quantified. It becomes apparent that the indirect effect is significant but small compared to the …
Persistent link: https://www.econbiz.de/10010384641
Separating the effects of uncertainty from realised events, and identifying the welfare effects of uncertainty, present a number of empirical challenges. Combining individuallevel panel data from rural Ethiopia with high-resolution meteorological data, we introduce a new proxy for income...
Persistent link: https://www.econbiz.de/10011945049
Persistent link: https://www.econbiz.de/10012643958
I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and...
Persistent link: https://www.econbiz.de/10011635835
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10003919804
It has been shown that higher levels of subjective well-being lead to greater work productivity, better physical health and enhanced social skills. Because of these positive externalities, policymakers across the world should be interested in attracting and retaining happy and life-satisfied...
Persistent link: https://www.econbiz.de/10010515268
Subjective well-being (SWB) is becoming increasingly important as welfare concept in both scientific research and politics, as it comprises additional welfare aspects compared to the GDP per capita. Consequently, it becomes important to explicitly identify its driving forces and clarify still...
Persistent link: https://www.econbiz.de/10011417433
This short note seeks to replicate the quantile regression analysis in Binder and Coad (2011), but taking into account individual-specific fixed effects (using the BHPS data set). It finds declining effects of the four main variables of interest (health, social life, income, education) over the...
Persistent link: https://www.econbiz.de/10011285402
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011308432
Working in non-profit organizations has been shown to be good for individuals' satisfaction with their jobs despite lower incomes. This paper explores the impact of nonprofit work on life satisfaction more general for the British Household Panel Survey (BHPS) and finds a significant positive...
Persistent link: https://www.econbiz.de/10011327220