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-being in China over the period 2005-2010 during which self-reported happiness scores show an increase across all income groups … conditional on having the same income, there is no rural-urban happiness gap. Our results suggest that while further decline in …. Ordered probit regression analysis of well-being reveals large influence of gender, rural residency and household income …
Persistent link: https://www.econbiz.de/10013001231
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10012911198
We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …
Persistent link: https://www.econbiz.de/10013132818
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/10013120404
from money to happiness. I use industry wage differentials as instruments for income. This is based on the idea that at …There is a well-established positive correlation between life-satisfaction measures and income in individual level … estimates suggesting that most of the association of income and well-being is causal …
Persistent link: https://www.econbiz.de/10013124786
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10013152242
ongoing discussion of the relationship between life satisfaction and income. The panel property of the data makes it possible … to study also the impact on satisfaction from income changes as well as the impact from acceleration in income and … the survey to the next. We find a strong impact from the level of income in all countries, an impact from change and …
Persistent link: https://www.econbiz.de/10013154979
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The … income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of … subjects to report (a) how their income compares to various groups, such a co-workers, friends, and neighbours, and (b) how …
Persistent link: https://www.econbiz.de/10013155599
This paper investigates the effects of local smoking bans on different out-comes using county and time variation over the last 20 years in the US. First, I find no evidence that local smoking bans in bars, restaurants and workplaces decrease the prevalence of smoking. The estimates are very...
Persistent link: https://www.econbiz.de/10013082426
Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in … about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear …
Persistent link: https://www.econbiz.de/10013082755