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Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …
Persistent link: https://www.econbiz.de/10012870361
income on three measures of subjective well-being: life satisfaction, health satisfaction, and affect. The income effect is …-being and that this effect is relatively stronger for low-income respondents …
Persistent link: https://www.econbiz.de/10013012990
Koizumi cabinet period, a relatively low-income position is negatively related to happiness for non-LDP supporters but not for … the effect of relative income position on happiness levels. Namely, during the Koizumi cabinet period, low-income …. We assume that the supporters of the Koizumi cabinet had an expectation of upward income mobility via the market. On this …
Persistent link: https://www.econbiz.de/10013029728
Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …
Persistent link: https://www.econbiz.de/10012942102
We provide a new explanation for the stronger relationship between income and subjective well-being (SWB) found in … permanent and transitory income shocks. The model predicts that SWB is affected by unanticipated rather than anticipated income …, and is more influenced by permanent rather than transitory income shocks. We hypothesize that share of cross …
Persistent link: https://www.econbiz.de/10013022568
-being in China over the period 2005-2010 during which self-reported happiness scores show an increase across all income groups … conditional on having the same income, there is no rural-urban happiness gap. Our results suggest that while further decline in …. Ordered probit regression analysis of well-being reveals large influence of gender, rural residency and household income …
Persistent link: https://www.econbiz.de/10013001231
well-being associated with a marginal increase in income is larger for poorer than for richer populations. This hypothesis … that the correlation between income and satisfaction is greater for the lower-income group (the Roma) than for the higher-income … group (majority population). Further, the correlation between income and emotional well-being does not differ between the …
Persistent link: https://www.econbiz.de/10012595931
income comparison forindividual happiness. Wives (barely) outearning their husbands seem to signal ’competition’. …This paper applies the German Socio-Economic Panel to analyse the effect of within household in-come comparison on … individual life satisfaction. Our estimates indicate, a primary breadwinner wifedecreases spousal individual happiness by roughly …
Persistent link: https://www.econbiz.de/10012820346
In normative public economics it is crucial to know how fast the marginal utility of income declines as income … inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …
Persistent link: https://www.econbiz.de/10012725445
income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study …: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction … with income is more affected by ex ante than by ex post volatility of income. The ordinal version of the Van Praag approach …
Persistent link: https://www.econbiz.de/10011634082