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The death of a spouse is an extremely stressful life event that consequently causes a large drop in life satisfaction. Reactivity to the loss, however, varies markedly, a phenomenon that is currently not well understood. Because lack of controllability essentially contributes to the stressful...
Persistent link: https://www.econbiz.de/10008826398
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
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/10008858404
Long term panel data enable researchers to construct Life Satisfaction (LS) trajectories for individuals over time. In this paper we analyse the trajectories of respondents in the German Socio-Economic Panel who recorded their LS for 20 consecutive years in 1991 - 2010. Previous research has...
Persistent link: https://www.econbiz.de/10010380533
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
The study examines the effects of work orientations and work-leisure choices alongside the effect of genes or personality traits on subjective well-being (SWB). The former effects are assumed to be mediated by the match between women's preferred and actual number of working hours indicating...
Persistent link: https://www.econbiz.de/10008858153