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One man's rags are another man's riches: identifying adaptive preferences using panel data

Burchardt, Tania - London School of Economics (LSE) - 2004

experience. Subjective assessments of financial well-being at time t, for individuals with a given income level, are compared … according to the income trajectory of the individual over the previous one to nine years. Descriptive statistics are followed by … scaling of satisfaction. The results show that year on year, individuals who have experienced a fall in income since the …

Persistent link: https://www.econbiz.de/10011126358

Money, well-being and loss aversion: does an income loss have a greater effect on well-being than an equivalent income gain?

Banks, James; Brown, Gordon D.A.; Boyce, Christopher J.; … - London School of Economics (LSE) - 2014

Higher income is associated with greater well-being, but do income gains and losses impact on well-being differently … falls in income have a larger impact on well-being than equivalent income gains. The effect is not explained by the … diminishing returns to well-being of income. Our findings show that loss aversion applies to experienced losses, counteracting …

Persistent link: https://www.econbiz.de/10011126714

Adaptation to poverty in long-run panel data

Clark, Andrew E.; D’Ambrosio, Conchita; Ghislandi, Simone - London School of Economics (LSE) - 2014

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...

Persistent link: https://www.econbiz.de/10011126737

Is happiness a predictor of election results?

Ward, George - London School of Economics (LSE) - 2015

Is it in politicians’ interest to focus policy on subjective well-being (SWB)? Many governments and international organisations have recently begun to measure progress at least partly in terms of the population’s SWB or “happiness”. This paper investigates the extent to which citizens...

Persistent link: https://www.econbiz.de/10011266092

The future of the German industrial relations model

Marsden, David - London School of Economics (LSE) - 2015

The paper examines recent evidence on the erosion of the German industrial relations model. Although its coverage has declined, much of this has occurred in smaller and newer establishments, and compared with Britain, it has remained solid in the areas of Germany's traditional industrial...

Persistent link: https://www.econbiz.de/10011266096

Assessing the effect of school days and absences on test score performance

Aucejo, Esteban; Romano, Teresa - London School of Economics (LSE) - 2014

While instructional time is viewed as crucial to learning, little is known about the effectiveness of reducing absences relative to increasing the number of school days. In this regard, this paper jointly estimates the effect of absences and length of the school calendar on test score...

Persistent link: https://www.econbiz.de/10011126031

The asymmetric experience of positive and negative economic growth: global evidence using subjective well-being data

De Neve, Jan-Emmanuel; Ward, George W.; de Keulenaer, Femke - London School of Economics (LSE) - 2014

Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative economic growth are experienced, with losses having more than twice as much impact on...

Persistent link: https://www.econbiz.de/10011206863

Comparing willingness-to-pay and subjective well-being in the context of non-market goods

Dolan, Paul; Metcalf, Robert - London School of Economics (LSE) - 2008

In order to value non-market goods, economists estimate individuals’ willingness to pay (WTP) for these goods using revealed or stated preference methods. We compare these conventional approaches with subjective well-being (SWB), which is based on individuals’ ratings of their happiness or...

Persistent link: https://www.econbiz.de/10010884533

Happy talk: mode of administration effects on subjective well-being

Dolan, Paul; Kavetsos, Georgios - London School of Economics (LSE) - 2012

Research on the measurement of subjective well-being (SWB) has escalated in recent years. This study contributes to the literature by examining how SWB reports differ by mode of survey administration. Using data from the 2011 Annual Population Survey in the UK, we find that individuals...

Persistent link: https://www.econbiz.de/10010745178

Social comparisons, health and well-being

Clark, Andrew E. - London School of Economics (LSE) - 2013

other individuals in the same personal, geographic or social networks, with the comparisons referring either to income or … other aspects of economic and social life. The existence of such comparison effects with respect to income may help to …

Persistent link: https://www.econbiz.de/10011126257