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Evolutionary accounts assert that while diversity may lower subjective well-being (SWB) by creating an evolutionary mismatch between evolved psychological tendencies and the current social environment, human societies can adapt to diversity via intergroup contact under appropriate conditions....
Persistent link: https://www.econbiz.de/10015145114
What do social surveys of life cycle experience tell us about the determinants of subjective well-being? First, that the psychologists' setpoint model is wrong. Life events in the nonpecuniary domain, such as marriage, divorce, and physical disability, have a lasting effect on well-being, and do...
Persistent link: https://www.econbiz.de/10013320008
Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find...
Persistent link: https://www.econbiz.de/10010381041
This paper incorporates tax morale into the Allingham Sandmo (1972) model of income tax evasion. Tax morale is interpreted as a social norm for tax compliance. The norm strength, depending on the share of evaders in the society, is endogenously derived. Taxpayers act conditionally cooperative,...
Persistent link: https://www.econbiz.de/10003412385
Happiness research in economics takes reported subjective well-being as a proxy measure for utility and has already … provided many interesting insights about human well-being and its determinants. We argue that future research on happiness in … happiness, and illustrate them with two applications. First, reported subjective well-being can contribute towards a new …
Persistent link: https://www.econbiz.de/10014085279
Traditional economics identifies a person's well-being with the goods and services the person consumes and the utility that the person gets from such consumption. This, in turn, has led to the widely used approach of welfarism that uses individual utilities as ingredients for evaluating a...
Persistent link: https://www.econbiz.de/10014025192
We posit that feeling constrained impedes happiness. Under this view, utility and happiness maximization yield the same … optimal choices in a variety of standard economic decision problems, but utility and happiness can move in opposite directions … in response to exogenous shocks. Our theory (i) respects economists' and psychologists' notions of utility and happiness …
Persistent link: https://www.econbiz.de/10013086249
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). The most powerful childhood...
Persistent link: https://www.econbiz.de/10013073851
In this paper, we attempt to show why the importance of relational goods compared to conventional goods and status goods threatens to decline in contemporary societies. In our point of view, the development of the relative significance of these three types of goods is not a consequence of...
Persistent link: https://www.econbiz.de/10009356432
The nexus between income and happiness is very much disputed. Many cross-sectional studies see a positive relationship …, most longitudinal studies don't. Starting from the fact that the theoretical basis in happiness research has been … findings establish the income-satiation hypothesis of longitudinal studies also in cross-sectional perspective. -- Happiness …
Persistent link: https://www.econbiz.de/10009722218