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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
well-being (happiness) by size (population) of a place to find out when a place is too big. The answer is somewhere between …
Persistent link: https://www.econbiz.de/10011484093
This paper evaluates the effect of ozone pollution on individuals' subjective health satisfaction and well-being, allowing us to capture both direct and indirect effects of ozone pollution on adults. Specifically, we focus on differences between households with and without children. We combine...
Persistent link: https://www.econbiz.de/10012268378
Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses …
Persistent link: https://www.econbiz.de/10011513958
How does subjective well-being depend on the fate of others when a covariate shock strikes? In this paper, we address this question by providing novel evidence on the impact of shock-induced damages experienced by individuals and their reference group on life satisfaction. We do so by examining...
Persistent link: https://www.econbiz.de/10013335989
Persistent link: https://www.econbiz.de/10010346372
Persistent link: https://www.econbiz.de/10011386616
We develop a framework for studying how differences in the level and/or dispersion of per-capita income affect trade structure and welfare in a two-country model. Thereby, we embed nonhomothetic preferences into a home-market model with two sectors of production and one input factor. We...
Persistent link: https://www.econbiz.de/10012267500
Vegetables play an important role in human nutrition, as they have a high content of nutrients. In the last five years, there has been a tendency to increase the consumption of vegetables among Romanians, this being attributed to the increase of the living standard, but also to the reorientation...
Persistent link: https://www.econbiz.de/10012517811
Most of the aggregate level analyses on the relationship between objective and subjective measures for well-being have limited themselves to measures of national GDP and mean life satisfaction. We develop this line of research by embedding the analysis into the context of 289 NUTS regions in...
Persistent link: https://www.econbiz.de/10011485246