I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and have a lower marginal propensity to consume. Happier people take more time for making decisions and have more ...
This paper investigates the association between maternal life satisfaction and the developmental functioning of two- to three-year-old children as well as the socio-emotional behaviorof five- to six-year-old children. We use data from the German Socio-Economic Panel Study (SOEP), which allows us to control for a rich set of child and parental characteristics and to use the mother's life satisfaction ...
Does happiness vary with age? The evidence is inconclusive. Some studies show happiness to increase with age (Diener et al. 1999; Argyle 2001). Others hold that the association is U-shaped with either highest depression rates (Mroczek and Christian, 1998; Blanchflower and Oswald, 2008) or highest happiness levels occurring during middle age (Easterlin, 2006). Current studies suffer from two shortcomings. ...
Der Übergang zur Marktwirtschaft erfolgte in Ostdeutschland im Unterschied zu anderen osteuropäischen Staaten unter dem Primat der sozialpolitischen Angleichung der Lebensbedingungen an das höhere Wohlstandsniveau der westlichen Bundesländer. Bezüglich der Wohlstandsentwicklung wie auch der subjektiven Bewertungsmaßstäbe lassen sich im Verlauf der 90er Jahre hierbei deutliche Angleichungsfortschritte ...
Sowohl die Einkommensarmut als auch der Einkommensreichtum haben in Deutschland in den letzten Jahren deutlich zugenommen, zu Lasten der mittleren Einkommensgruppen. Reichtum sollte auch die Freiheit von materiellen Sorgen bedeuten. Trotz der Polarisierung der Einkommensverteilung hat der Anteil der Personen, die dauerhaft frei von materiellen Sorgen leben, in Deutschland nicht zu- sondern abgenommen. ...
Influential economists, like Bruno S. Frey and Richard Layard, are advocating that the standard approach in economics of inferring utility from changes in consumption and leisure should be augmented or replaced by use of subjective measures. But psychologists claim that adult life satisfaction (or happiness) is more or less fixed; it has a "set-point" which is largely determined by genetic factors ...