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This paper proposes a new way to think about happiness. It distinguishes between stocks and flows. Central to the analysis is a concept we call 'hedonic capital'. The paper sets out a model of the dynamics of wellbeing in which bad life-shocks are smoothed by the drawing down of hedonic capital....
Persistent link: https://www.econbiz.de/10003309276
decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer … satisfaction with own economic conditions, work contract, job, pay, and career. Some evidence indicates that despite little … differences between urban and rural areas with life satisfaction, rural areas exhibit a stronger lack of adaptation for subjective …
Persistent link: https://www.econbiz.de/10012174903
decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer … satisfaction with own economic conditions, work contract, job, pay, and career. Some evidence indicates that despite little … differences between urban and rural areas with life satisfaction, rural areas exhibit a stronger lack of adaptation for subjective …
Persistent link: https://www.econbiz.de/10012193738
Persistent link: https://www.econbiz.de/10012484494
Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This paper argues that economists are wrong to do so. It provides longitudinal evidence that individuals who become disabled go on to exhibit recovery in mental wellbeing. Adaptation...
Persistent link: https://www.econbiz.de/10003411731
paid work hours are negatively correlated with life satisfaction, our results suggest that inequality of well-being may … families, after the first year. -- family ; inequality ; well-being ; life satisfaction ; happiness ; time crunch …
Persistent link: https://www.econbiz.de/10008669308
Antidepressants as a commodity have been remarkably little-studied by economists. This study shows in new data for 27 European countries that 8% of people (and 10% of those middle-aged) take antidepressants each year. The probability of antidepressant use is greatest among those who are...
Persistent link: https://www.econbiz.de/10009309631
asked to value on a finite scale their satisfaction with their own lives, a question that psychologists have long and often … have been using thismeasure of self-reported satisfaction as a proxy for utility so as to contribute to a better … understanding of individuals’ tastes and hopefully behavior. By means of satisfaction questions we can elicit information on …
Persistent link: https://www.econbiz.de/10009756958
and positively related to happiness and life satisfaction. The other dimensions of social diversity and well-being are …
Persistent link: https://www.econbiz.de/10010356166
unwilling might respond more negatively when being asked about their satisfaction with life. …
Persistent link: https://www.econbiz.de/10010240592