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Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and … well as debt, have differential effects on life satisfaction, (iii) both wealth levels and wealth holdings relative to …
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SWB. In most cases, wealth is more important than income from the perspective of SWB. Theoretical and empirical reasons … since the latter has been measured. For convenience and availability matters, income (what people earn) was mostly used at … the individual level. It is only since recently that data about wealth (what people possess) is available and the links …
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: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction … income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study … 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
income, relative income (i.e. how individual income compares to those of peers), individual health, and relative health … countries. In contrast, individual and relative income matter in some countries, such as the US, and not in others, for example … targeting income. …
Persistent link: https://www.econbiz.de/10011289080
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …
Persistent link: https://www.econbiz.de/10009747819
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …
Persistent link: https://www.econbiz.de/10009759758
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence … presented in Stevenson and Wolfers (2008, BROOKINGS PAP ECO AC), we now count three exceptions supporting Easterlin s happiness-income …
Persistent link: https://www.econbiz.de/10010338942