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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

Estimating the influence of life satisfaction and positive affect on later income using sibling fixed-effects

De Neve, Jan-Emmanuel; Oswald, Andrew J. - 2012

The question of whether there is a connection between income and psychological well-being is a long-studied issue … show that adolescents and young adults who report higher life satisfaction or positive affect grow up to earn significantly … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is …

Persistent link: https://www.econbiz.de/10010291399

Happiness, habits and high rank: Comparisons in economic and social life

Clark, Andrew E. - 2011

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/10010280689

Happiness in Europe: cross-country differences in the determinants of subjective well-being

Pedersen, Peder J.; Schmidt, Torben Dall - 2009

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 impact on self-reported satisfaction from a number of economic and demographic variables. The paper contributes to the …

Persistent link: https://www.econbiz.de/10010269451

Happiness and loss aversion: when social participation dominates comparison

Vendrik, Maarten C. M.; Woltjer, Geert - 2006

reference group is more important for her life satisfaction than the absolute level of her income. This dependence of life … satisfaction on relative income can be related to the reference dependence of the value function in Kahneman and Tversky's (1979 …, convexity for losses, and loss aversion apply to the dependence of life satisfaction on relative income. This is tested with a …

Persistent link: https://www.econbiz.de/10010277002

Literature review on fundamental concepts and definitions, objectives and policy goals as well as instruments relevant for socio-ecological transition

Dimitrova, Anna; Hollan, Katarina; Laster, Daphne; … - 2013

population to achieve their life satisfaction at the highest level possible and Work is one of the most – if not, the most …

Persistent link: https://www.econbiz.de/10011411012

Sufficient Welfare Indicators Allowing Disagreement in Evaluations of Social Welfare

Brekke, Kjell Arne; Lurås, Hilde; Nyborg, Karine - 1994

There is no consensus on how to measure interpersonally comparable, cardinal utility. Despite of this, people repeatedly make welfare evaluations in their everyday lives. However, people do not always agree on such evaluations, and this is one important reason for political disagreements. Thus,...

Persistent link: https://www.econbiz.de/10011967891

How conscieous are you of others? Further evidence on relative income and happiness

Lee, Sun Youn; Ohtake, Fumio - 2018

Extant research has found that an individual's happiness is relative with respect to income, suggesting that it rises … with own income and falls as the income of a reference group increases. Some recent studies emphasize that the effect of … relative income is mediated by the extent to which people compare themselves with others (hereinafter, "relative consciousness …

Persistent link: https://www.econbiz.de/10012013634

Is Happiness U-shaped Everywhere? Age and Subjective Well-being in 145 Countries

Blanchflower, David G. - 2020

A large empirical literature has debated the U-shaped happiness-age curve. This paper re-examines the relationship between various measures of well-being and age in one hundred and forty-five countries, including one hundred and nine developing countries, controlling for education, marital and...

Persistent link: https://www.econbiz.de/10012206809

Life Dissatisfaction and Anxiety in COVID-19 pandemic

de Pedraza, Pablo; Guzi, Martin; Tijdens, Kea - 2020

due to COVID-19 such as income reduction and increase or decrease of workload are associated with more dissatisfaction and …

Persistent link: https://www.econbiz.de/10012214748