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international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth … this massive fall in wealth, measures of health and well-being remained broadly unchanged. However, expectations about …
Persistent link: https://www.econbiz.de/10010228783
Self-reported satisfaction measures respond to a great variety of socio-demographic characteristics as well as the job and living environment. In this paper we ask whether the recent financial market crisis has caused a deterioration of satisfaction not only for the unemployed but also for those...
Persistent link: https://www.econbiz.de/10010128239
This paper analyzes the effects of business cycle volatility on measures of subjective well-being, including self-reported happiness and life satisfaction. I find robust evidence that high inflation and, to a greater extent, unemployment lower perceived well-being. Greater macroeconomic...
Persistent link: https://www.econbiz.de/10014033618
Persistent link: https://www.econbiz.de/10010416375
recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data … from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … both income and wealth following the sharp decline in house prices that occurred since 2008, with house price fluctuations …
Persistent link: https://www.econbiz.de/10012111075
We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household …
Persistent link: https://www.econbiz.de/10012182809
We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household …
Persistent link: https://www.econbiz.de/10012215285
Using micro-data on six surveys the Gallup World Poll 2005-2023, the U.S. Behavioral Risk Factor Surveillance System, 1993-2022, Eurobarometer 1991-2022, the UK Covid Social Survey Panel, 2020-2022, the European Social Survey 2002-2020 and the IPSOS Happiness Survey 2018-2023 we show...
Persistent link: https://www.econbiz.de/10014345570
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …
Persistent link: https://www.econbiz.de/10011921470
We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main … findings. First, we find that head's labor income exhibits countercyclical variance and procyclical skewness. Second, the … cyclicality of hourly wages is muted, suggesting that head's labor income risk is mainly coming from the volatility of hours …
Persistent link: https://www.econbiz.de/10012860550