Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may be needed when analyzing the determinants of subjective well-being....

We quantify the value of changes in life circumstances in Germany following reunification. To this end, we develop and implement a fixed-effect estimator for ordinal life satisfaction in the German Socio-Economic Panel. We find strong negative effects on life satisfaction from being recently...

This paper studies effects of public cost sharing on reforestation in Norway by applying various econometric specifications to a large panel of Norwegian non-industrial forest owners for the period from 1993 to 2003. Using both average estimators and estimators with individual specific...