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of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a … between changes in subjective well-being and income over time within countries we find economic growth associated with rising … happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income …
Persistent link: https://www.econbiz.de/10005667028
-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …’ life satisfaction typically grows, and that those countries experiencing more rapid economic growth also tend to experience … more rapid growth in life satisfaction. These results together suggest that measured subjective well-being grows hand in …
Persistent link: https://www.econbiz.de/10008684672
In this paper we develop a stochastic dynamic general equilibrium model of the Greek economy, in the real business cycle modelling tradition. Household preferences depend on private and public consumption and leisure. Government finances its investment, consumption and transfer payments by means...
Persistent link: https://www.econbiz.de/10005661696
model incorporates the assumption of subsistence consumption into the neo-classical exogenous growth model – yielding …
Persistent link: https://www.econbiz.de/10005791191
boom as well. The effects of endogenous growth, adjustment costs for investment and non-Walrasian labour markets on these …
Persistent link: https://www.econbiz.de/10005791753
economy displaying neoclassical growth. There are two vertically-integrated economies. Each consists of a large number of … growth need not be positively related. Furthermore, trade is not necessarily beneficial to regional growth, whereas trade …
Persistent link: https://www.econbiz.de/10005792002
We model growth in dictatorships facing each period an endogenous probability of ‘political catastrophe’ that would … extinguish the regime's wealth extraction ability. Domestic capital exhibits a bifurcation point determining economic growth or …
Persistent link: https://www.econbiz.de/10005136680
Optimal climate policy is studied in a Ramsey growth model. A developing economy weighs global warming less, hence is …
Persistent link: https://www.econbiz.de/10008854461
, unemployment and productivity growth. This paper brings together available evidence in an attempt to evaluate the welfare effects …
Persistent link: https://www.econbiz.de/10005666488
rate effect, and how much a true growth effect? If there are growth effects, how much of this is based on accelerating …
Persistent link: https://www.econbiz.de/10011083629