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Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This paper argues that economists are wrong to do so. It provides longitudinal evidence that individuals who become disabled go on to exhibit recovery in mental wellbeing. Adaptation...
Persistent link: https://www.econbiz.de/10003411731
institutional context. We find that parental unemployment is strongly negatively related to children's life satisfaction across …
Persistent link: https://www.econbiz.de/10012295227
income to support their living standard to a situation of insufficient income. Thus, both financial satisfaction (FS) and … life satisfaction (LS) significantly decrease. In the long run, those who remain in poverty are trapped in the situation of …
Persistent link: https://www.econbiz.de/10014106411
Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This paper argues that economists are wrong to do so. It provides longitudinal evidence that individuals who become disabled go on to exhibit recovery in mental wellbeing. Adaptation...
Persistent link: https://www.econbiz.de/10013317532
happiness can be predicted rather closely from the mean satisfaction people report with each of four domains - finances, family … life, work, and health. Even though the domain satisfaction patterns typically differ from each other and from that for …
Persistent link: https://www.econbiz.de/10012754020
decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer … satisfaction with own economic conditions, work contract, job, pay, and career. Some evidence indicates that despite little … differences between urban and rural areas with life satisfaction, rural areas exhibit a stronger lack of adaptation for subjective …
Persistent link: https://www.econbiz.de/10012174903
decades for Russia. We found no adaption to vulnerability for life satisfaction and subjective wealth, with longer … satisfaction with own economic conditions, work contract, job, pay, and career. Some evidence indicates that despite little … differences between urban and rural areas with life satisfaction, rural areas exhibit a stronger lack of adaptation for subjective …
Persistent link: https://www.econbiz.de/10012193738
Weather variables, and sunshine in particular, are found to be strongly correlated with financial variables. I consider self-reported happiness as a channel through which sunshine affects financial variables. I examine the influence of happiness on risk-taking behavior by instrumenting...
Persistent link: https://www.econbiz.de/10011635834
Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive and twelve negative life events in the Household, Income and Labour Dynamics...
Persistent link: https://www.econbiz.de/10012180363
attitudes to focus less on objective variables and more on subjective well-being (SWB). Studies investigating life satisfaction …
Persistent link: https://www.econbiz.de/10003919676