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-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an …
Persistent link: https://www.econbiz.de/10013101556
Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And … does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …
Persistent link: https://www.econbiz.de/10013157583
This paper employs a multidimensional approach for the measurement of well-being at the top of the distribution using German SOEP micro data. Besides income as traditional indicator for material well-being, we include health as a proxy for nonmaterial quality of life as well as self-reported...
Persistent link: https://www.econbiz.de/10014174072
to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The …
Persistent link: https://www.econbiz.de/10014203865
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/10013101869
Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307,465 observations for subjective well-being and its covariates from Germany, 1990-2009, to study whether the nature of income comparison has changed in the process of economic development, and...
Persistent link: https://www.econbiz.de/10013082617
Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their relative income to be. In this paper, novel data with direct...
Persistent link: https://www.econbiz.de/10013083124
In this study the relation between satisfaction with life and affluent income is analyzed by using cross-sectional and longitudinal data. The data used in this publication were made available by the German Socio Economic Panel Study (SOEP) at the German Institute for Economic Research (DIW...
Persistent link: https://www.econbiz.de/10013128105
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality … has dropped in countries that have experienced income growth (but not in those that did not). Modern growth has reduced … contributed to this greater happiness homogeneity. This new stylized fact comes as an addition to the Easterlin paradox, offering …
Persistent link: https://www.econbiz.de/10014147812
In the modern welfare state, people who cannot make a living usually receive financial assistance from public funds. Accordingly, the so-called social work norm against living off other people is violated, which may be the reason why the unemployed are so unhappy. If so, however, labour market...
Persistent link: https://www.econbiz.de/10014186589