Showing 951 - 960 of 1,032
People not only care about outcomes; they also value the procedures that lead to the outcomes. Procedural utility is an important source of human well-being. This paper aims at introducing the concept of procedural utility into economics, and argues that it should be incorporated more widely...
Persistent link: https://www.econbiz.de/10005582024
In dieser Arbeit werden die Auswirkungen des Frauenstimmrechts auf die Staatsausgaben in den Kantonen der Schweiz untersucht. Anhand dieser institutionell bedingten Veränderung des Elektorats studieren wir den Zusammenhang zwischen repräsentierten Bürgerpräferenzen und dem Ergebnis des...
Persistent link: https://www.econbiz.de/10005585633
Does individual well-being depend on the absolute level of income and consumption or is it relative to one's aspirations? In a direct empirical test, it is found that higher income aspirations reduce people's utility, ceteris paribus. Individual data on reported satisfaction with life are used...
Persistent link: https://www.econbiz.de/10005585648
Alienation to politics weakens political competition and can undermine the acceptance and legitimacy of democracy as a political system. Governance and representation problems at the local level cause part of citizens’ lack of power and political alienation. Citizens have local power if they...
Persistent link: https://www.econbiz.de/10005585649
Social norms are usually neglected in economics, because they are to a large extent enforced through non-market interactions and difficult to isolate empirically. In this paper, we offer a direct measure of the social norm to work and we show that this norm has important economic effects. The...
Persistent link: https://www.econbiz.de/10005585651
Over the past few years, there has been a steadily increasing interest from economists in happiness research. This paper argues that reported subjective well-being is a satisfactory empirical approximation to individual utility and endeavors to provide an impression of this new, and challenging,...
Persistent link: https://www.econbiz.de/10005700699
It has become customary to judge the success of a society through the use of objective indicators, predominantly economic and social ones. Yet in most developed nations, increases in income, education and health have arguably not produced comparable increases in happiness or life satisfaction....
Persistent link: https://www.econbiz.de/10010738858
Camera surveillance has recently gained prominence in policy proposals on combating terrorism. We evaluate the instrument based on a comparative perspective and previous evidence on crime. We expect camera surveillance to have a relatively smaller deterrent effect on terrorism than on other...
Persistent link: https://www.econbiz.de/10010679791
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people are not indifferent to adverse living conditions when...
Persistent link: https://www.econbiz.de/10010764588
What makes people happy in life? This is a crucial question that has the potential to shake up economics. In recent years, the dissatisfaction with the understanding of welfare in economics together with the new opportunities to empirically study people's subjective wellbeing have spurred...
Persistent link: https://www.econbiz.de/10010662940