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In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010317256
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010896265
In this paper an alternative approach with regard to poverty measurement is discussed: the so-called decomposition … approach. This method differentiates between various social groups in the sense that for each group a separate poverty line is … traditional poverty measurement to refer to income-independent equivalence scales is principally avoided. Moreover, the further …
Persistent link: https://www.econbiz.de/10011601025
Previous research has found that subjective well-being (SWB) is lower for individuals classified as being in poverty … with the state-level poverty ratio while controlling for individual poverty status and poverty intensity. The negative … relationship between aggregate poverty and SWB is more salient in the upper segments of the income distribution and is robust to …
Persistent link: https://www.econbiz.de/10011594503
We consider the link between poverty and subjective well-being, and focus in particular on the role of time. We use … satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …
Persistent link: https://www.econbiz.de/10010500142
from unemployment, poverty, physical ill health, and mental illness. The largest proportion suffer from mental illness …. Multiple regression shows that mental illness is not highly correlated with poverty or unemployment, and that it contributes … more to explaining the presence of misery than is explained by either poverty or unemployment. This holds both with and …
Persistent link: https://www.econbiz.de/10011314547
We consider the link between poverty and subjective well-being, and focus in particular on the role of time. We use … satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …
Persistent link: https://www.econbiz.de/10011199854
We investigate the accuracy of ex ante assessments of vulnerability to income poverty using cross-sectional data and … vulnerability predictions is limited even when panel data are used. In part this low accuracy is due to low poverty incidence and … high mobility in and out of poverty. …
Persistent link: https://www.econbiz.de/10010290956
We demonstrate that interpersonal comparisons lead to keeping up with the Joneses-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived to...
Persistent link: https://www.econbiz.de/10010322838
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived...
Persistent link: https://www.econbiz.de/10010787019