confidence. Long-term interest rates, as a measure of confidence in the sovereign, tend to fall around spending …, spending-based measures seem preferable. Slump periods are not necessarily bad moments for such measures, while strengthening …

, spending and taxes are higher inside currency unions. This effect is especially pronounced for dollarized countries that …

relationships. We consider a long-term relationship between a firm and a privately-informed stakeholder, a buyer for example. In our …

We investigate how individual well-being is affected by unemployment. Analysing panel data on life satisfaction, we …

abnormally low levels of life satisfaction. Using data from the World Values Survey and other sources, we study various … explanations of this phenomenon. First, we document that the disparity in life satisfaction between residents of transition and non … the aged population explain a great deal of the difference in life satisfaction between transition countries and other …

satisfaction; job satisfaction; and life satisfaction. We account for interdependence within the family using data on partnered men … and women from the British Household Panel Survey. We find that men have the highest hours-of-work satisfaction if they … work full-time without overtime hours but neither their job satisfaction nor their life satisfaction are affected by how …