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Well-being (i.e., satisfaction, happiness) is a latent variable, impossible to observe directly. Hence, questionnaires …
Persistent link: https://www.econbiz.de/10011287015
This paper examines multidimensional stochastic dominance when one of the indicators of well-being, such as household size or place of residence, is qualitative. It also uses a test for strict dominance based on the empirical likelihood ratio. Empirical applications are based on the DHS...
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Using data from the 2011 Census, we estimate quality of life across Australia. With mobile households, utility will be equalised across regions, so those regions with high real incomes must have a compensating low quality of life and vice versa. There are significant differences in quality of...
Persistent link: https://www.econbiz.de/10014126955
While research on subjective well-being abounds, comparatively little thought has been given to its practical policy implications. Two approaches to derive policy advice have emerged in the literature: One is organized in terms of the idea to maximize a hedonic social welfare function, the other...
Persistent link: https://www.econbiz.de/10009409381
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Two important developments in recent policy analysis are behavioral economics and subjective-well-being (SWB) surveys. What is the connection between them? Some have suggested that behavioral economics strengthens the case for SWB surveys as a central policy tool, e.g., in the form of SWB-based...
Persistent link: https://www.econbiz.de/10012991619
policy. Happiness or “subjective well-being” surveys ask individuals to rate their present happiness, life-satisfaction … conflate important concepts: well-being, subjective well-being, happiness, utility, satisfaction. A preference …
Persistent link: https://www.econbiz.de/10014169073
Previous research on the determinants of international migration has largely focused on objective factors, such as income. We instead use subjective well-being (SWB) to explain international migration desires, an expressed willingness to migrate. We find that individuals with higher SWB have...
Persistent link: https://www.econbiz.de/10010372455