This paper examines the experienced well-being of employed and unemployed workers. We use the survey-adapted Day Reconstruction Method of the Innovation Sample of the German Socio-Economic Panel Study to analyze the role of the employment status for well-being, incorporating time use. We use the...

People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries) - a dominant class of measures-are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains....

People differ in their willingness to take risks. Recent work found that revealed preference tasks (e.g., laboratory lotteries) - a dominant class of measures-are outperformed by survey-based stated preferences, which are more stable and predict real-world risk taking across different domains....