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In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
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limited themselves to measures of national GDP and mean life satisfaction. We develop this line of research by embedding the … analysis into the context of 289 NUTS regions in Europe and replacing the simple life satisfaction measure with measures of … indicating that general 'social trust` is strongly associated with economic performance. This component was shown to have robust …
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large loss of satisfaction experienced by individuals in old age. …
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a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation …. Using long-term panel data for Germany and the United Kingdom, we do not find robust evidence for a relationship between GDP … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence …
Persistent link: https://www.econbiz.de/10009747819
a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation …. Using long-term panel data for Germany and the United Kingdom, we do not find robust evidence for a relationship between GDP … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence …
Persistent link: https://www.econbiz.de/10009759758
Persistent link: https://www.econbiz.de/10012612691
The answer is that people's evaluations of their income situation are based on different considerations when the economy is expanding and when it is contracting. When, in the course of economic growth, incomes generally are rising, evaluations tend to be dominated by "social comparison" - what...
Persistent link: https://www.econbiz.de/10012604148