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There is now a great deal of micro-econometric evidence, both cross-section and panel, showing that income is positively correlated with well-being. Yet the famous Easterlin paradox shows essentially no change in average happiness at the country level, despite spectacular rises in per capita...
Persistent link: https://www.econbiz.de/10010738736
Although cross-sectional studies have shown a reliable association between marital status and subjective well-being, a recent longitudinal study (Lucas, Clark, Georgellis, & Diener, 2003) found no support for the idea that happiness increases after marriage. Instead, participants who got married...
Persistent link: https://www.econbiz.de/10010738970
Although it is now widely-accepted that unemployment is associated with sharply lower levels of individual well-being, relatively little is known about how this effect depends on unemployment duration. Data from three large-scale European panels is used to shed light on this issue; these data...
Persistent link: https://www.econbiz.de/10010739066
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010739114