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samples for two different countries - Australia (the HILDA Survey) and the UK (the UK Household Longitudinal Study) - are used … to estimate a simultaneous equations model of life satisfaction. The model allows for self-reported sexual identity to … influence a measure of life satisfaction both directly and indirectly through seven different channels: (i) income; (ii …
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I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and...
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