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Revisiting the evidence for a cardinal treatment of ordinal variables
Schröder, Carsten; Yitzhaki, Shlomo - 2015
Well-being (i.e., satisfaction, happiness) is a latent variable, impossible to observe directly. Hence, questionnaires ask people to grade their well-being in different life domains. The most common practice-comparing well-being by means of descriptive analysis or linear regressions-ignores that...
Persistent link: https://www.econbiz.de/10011288151
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Does Relative Income Matter? Are the Critics Right?
Layard, Richard; Mayraz, Guy; Nickell, Stephen - 2009
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 decades? The answer to both questions is "Yes". We...
Persistent link: https://www.econbiz.de/10011600854
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Does Relative Income Matter?: Are the Critics Right?
Layard, Richard; Mayraz, Guy; Nickell, Stephen - Forschungsbasierte Infrastruktureinrichtung … - 2009
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 decades? The answer to both questions is "Yes". We...
Persistent link: https://www.econbiz.de/10005017426
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The host with the most? The effects of the Olympic Games on happiness
Dolan, Paul; Kavetsos, Georgios; Krekel, Christian; … - 2016
We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom...
Persistent link: https://www.econbiz.de/10011531198
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Leben in Schleswig-Holstein - subjektive Einschätzungen als Teil der Wohlfahrtsmessung
Held, Benjamin - 2019
concerned about "peacekeeping", "health" and "environmental protection", - social aspects are particularly important to people … in SH, - the importance of social engagement in 2014 is as highly valued in SH as never before, - people in SH were …
Persistent link: https://www.econbiz.de/10012109655
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Leben in Nordrhein-Westfalen: Subjektive Einschätzungen als Teil der Wohlfahrtsmessung
Held, Benjamin; Diefenbacher, Hans; Rodenhäuser, Dorothee - 2016
Die Debatte um (andere) Indikatoren zur Messung gesellschaftlicher Wohlfahrt und eines „guten Lebens“ hat in den vergangenen Jahren deutlich an Fahrt aufgenommen. Und das nicht nur auf Bundesebene. Auch auf der Ebene der Bundesländer wächst die Nachfrage nach solchen Indikatoren. Im Rahmen...
Persistent link: https://www.econbiz.de/10011499561
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Multidimensional Measurement of Richness: Theory and an Application to Germany
Peichl, Andreas; Pestel, Nico - 2010
Closely following recent innovations in the literature on the multidimensional measurement of poverty, this paper … considered as rich in a multidimensional setting. We use this framework to analyze the role of wealth, health and education, in … addition to income, as dimensions of multidimensional well-being in Germany. Our analysis shows that more than half of the …
Persistent link: https://www.econbiz.de/10011600937
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Multidimensional Measurement of Richness: Theory and an Application to Germany
Peichl, Andreas; Pestel, Nico - Forschungsbasierte Infrastruktureinrichtung … - 2010
Closely following recent innovations in the literature on the multidimensional measurement of poverty, this paper … considered as rich in a multidimensional setting. We use this framework to analyze the role of wealth, health and education, in … addition to income, as dimensions of multidimensional well-being in Germany. Our analysis shows that more than half of the …
Persistent link: https://www.econbiz.de/10008522629
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The Marginal Utility of Income
Layard, Richard; Mayraz, Guy; Nickell, Stephen J. - 2007
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...
Persistent link: https://www.econbiz.de/10011600696
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Happiness, Habits and High Rank: Comparisons in Economic and Social Life
Clark, Andrew E. - Forschungsbasierte Infrastruktureinrichtung … - 2012
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons … suggests that the phenomena of comparison and habituation are actually found in a considerable variety of economic and social …
Persistent link: https://www.econbiz.de/10010784010