Using subjective well-being data for more than 91,000 individuals in 30 OECD countries, 1990-2008, we study how people’s implicit aversion towards inflation varies with income and other socio-economic characteristics. While inflation aversion decreases with income, it increases with the...

Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of...

A computable general equilibrium analysis of emissions trading between Russia and the European Union (EU) is presented using a complete and consistent input-output database for the Russian Federation and several baseline scenarios for Russia’s future economic development. We find that...

This article reports the effects of environmental fiscal reform recently undertaken in Germany. Our assessment uses a computable general equilibrium model of Germany and the rest of the European Union (EU) calibrated to input-output data for 1995. We found that the environmental fiscal reform...

This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one's own past behavior play in this context. By combining data on individuals' pro-environmental consumption from a unique...

The sustainable supply of energy is high on the agenda of many European countries. One of the pertinent issues, the future role of nuclear power, has gained increasing attention after the nuclear disaster at Fukushima, Japan. As a contribution to preference elicitation, we test whether the...

Conceptualizing externalities from perceived nuclear risk as being related to distance from nuclear facilities, we estimate the relationship between Swiss citizens’ life satisfaction (understood as a proxy of utility) and the distance of their place of residence from the nearest nuclear power...

Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307,465 observations for subjective well-being and its covariates from Germany, 1990-2009, to study whether the nature of income comparison has changed in the process of economic development, and...

Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of...

This paper uses life satisfaction data of almost 140,000 individuals in 25 OECD countries to study how changes in the rates of GDP growth, unemployment and inflation during the macroeconomic crisis of 2008-2009 have affected subjective well-being. The relative contributions of the three...