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Well-Being Inequality and Reference Groups - An Agenda for New Research

van Praag, B.M.S - 2010

It is argued that the concept of well-being inequality cannot be properly defined without taking the reference process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...

Persistent link: https://www.econbiz.de/10014191144

Long-Run vs. Short-Run Perspectives on Consumer Scheduling : Evidence from a Revealed-Preference Experiment Among Peak-Hour Road Commuters

Peer, Stefanie - 2011

Theoretical and empirical studies of consumer scheduling behavior in commuting, and the associated valuation of time and schedule delays usually ignore that consumers have more exibility to adjust their schedule in the longer run than in the shorter run, implying that also these valuations may...

Persistent link: https://www.econbiz.de/10013117239

On the Measurement of Success and Satisfaction

Brink, René van den; Steffen, Frank - 2012

relationship and measurement. We show that satisfaction contains success as one component, and that both coincide under the …The main purpose of the present paper is to disentangle the mix-up of the notions of success and satisfaction which is … satisfaction. In the context of the discussion of both notions we also address their relationship to different types of luck …

Persistent link: https://www.econbiz.de/10014171313

Life Satisfaction Differences between Workers and Non-Workers - The Value of Participation per se

van Praag, Bernard M.S.; Ferrer-i-Carbonell, Ada - 2002

Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same …

Persistent link: https://www.econbiz.de/10010324826

Forecasting Aggregate Productivity Using Information from Firm-Level Data

Bartelsman, Eric J. - 2017

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...

Persistent link: https://www.econbiz.de/10012976846

Subjective Questions to Measure Welfare and Well-being

Ferrer-i-Carbonell, Ada - 2002

This paper provides arguments in favor of using subjective questions as a proxy to measure welfare and well-being. This approach makes it possible to avoid having to define welfare and well-being means and having to identify the relevant indicators. Instead, individuals themselves define their...

Persistent link: https://www.econbiz.de/10010324942

On the Practice of Bayesian Inference in Basic Economic Time Series Models using Gibbs Sampling

de Pooter, Michiel D.; Segers, René; van Dijk, Herman K. - 2006

Several lessons learned from a Bayesian analysis of basic economic time series models by means of the Gibbs sampling algorithm are presented. Models include the Cochrane-Orcutt model for serial correlation, the Koyck distributed lag model, the Unit Root model, the Instrumental Variables model...

Persistent link: https://www.econbiz.de/10010325199

Parallelization Experience with Four Canonical Econometric Models using ParMitISEM

Basturk, Nalan; Grassi, Stefano; Hoogerheide, Lennart; … - 2016

This paper presents the parallel computing implementation of the MitISEM algorithm, labeled Parallel MitISEM. The basic MitISEM algorithm, introduced by Hoogerheide, Opschoor and Van Dijk (2012), provides an automatic and flexible method to approximate a non-elliptical target density using...

Persistent link: https://www.econbiz.de/10011451514

Heterogeneous variable selection in nonlinear panel data models: A semiparametric Bayesian approach

Castelein, Anoek; Fok, Dennis; Paap, Richard - 2020

In this paper, we develop a general method for heterogeneous variable selection in Bayesian nonlinear panel data models. Heterogeneous variable selection refers to the possibility that subsets of units are unaffected by certain variables. It may be present in applications as diverse as health...

Persistent link: https://www.econbiz.de/10012427161

Long-Run vs. Short-Run Perspectives on Consumer Scheduling: Evidence from a Revealed-Preference Experiment among Peak-Hour Road Commuters

Peer, Stefanie; Verhoef, Erik; Knockaert, Jasper; … - 2011

Theoretical and empirical studies of consumer scheduling behavior usually ignore that consumers have more flexibility to adjust their schedule in the long run than in the short run. We are able to distinguish between long-run choices of travel routines and short-run choices of departure times...

Persistent link: https://www.econbiz.de/10010326326