In the last years, there has been a shift from traditional measurements of affective well-being to approaches such as the day reconstruction method (DRM). While the traditional approaches often assess trait level differences in well-being, the DRM allows examining affective dynamics in everyday contexts. The latter may ultimately explain why some people feel more happy than others (e.g., because they ...
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**Update** Just published: a new journal article to describe and refer to the SOEP data. Jan Goebel, Markus M. Grabka, Stefan Liebig, Martin Kroh, David Richter, Carsten Schröder, Jürgen Schupp. 2019. The German Socio-Economic Panel Study (SOEP). Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics 239(2), 345-60. doi: 10.1515/jbnst-2018-0022 ...
If the present behavior of forward-looking economic agents is driven by their expectations about the future, can governments influence the economy by creating expectations? We study this question in the context of one of the most consequential macroeconomic success stories of the 20th century that has, to date, defied the explanations advanced within the literature: the recovery of the German...
