Using data from Taiwan and the US, this study empirically investigates the potential difference of the income effect on subjective well-being in the East versus the West. It finds that while relative individual income raises happiness in the US, relative family income only improves happiness and...

This study explores the relationship between income and happiness using data from Taiwan. It also proposes a two-stage estimation method for studying the macroeconomics of happiness. The study finds that while personal income has a strong positive effect on individual happiness, national income...

In this investigation, tests were performed to determine whether mortality cycles are asymmetric. Results from an asymmetry test of U.S. time-series data from 1951 to 2005 provide no evidence that all-cause mortality or mortality caused by disease causes asymmetric cycles. However, the rate of...

This paper examines the random group effect, which has usually not been considered in traditional housing demand studies. Frequently, group level variables are used in housing demand estimation due to the data constraint. For instance, the US Index of Housing Price per administrative area is...