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social relations and of the environment, employment, and job satisfaction. In this chapter we survey the economic literature … functionings) approach, the use of subjective life satisfaction measures, and the calculation of equivalent incomes. We discuss the …
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We use personality traits to better understand the relationship between income and life satisfaction. Personality … traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … a simple model based on Prospect Theory, where we assume that: (i) life satisfaction is dependent on the gap between …
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Innovation and technological progress are the key determinants of long-run economic growth and welfare. Therefore, an important question is, how can public policy encourage more innovation? In this chapter, I review some of the empirical findings from various recent studies on innovation and...
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We studied whether relative income has an impact on subjective well-being among extremely poor people. Contrary to the findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, we cannot reject the hypothesis that relative income...
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