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https://hdl.handle.net/10419/20471
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DC Field | Value | Language |
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dc.contributor.author | Headey, Bruce | en |
dc.contributor.author | Muffels, Ruud | en |
dc.contributor.author | Wooden, Mark | en |
dc.date.accessioned | 2009-01-28T16:14:21Z | - |
dc.date.available | 2009-01-28T16:14:21Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20471 | - |
dc.description.abstract | The accepted view among psychologists and economists alike is that economic well-beinghas a statistically significant but only weak effect on happiness/subjective well-being (SWB).This view is based almost entirely on weak relationships with household income. The paperuses household economic panel data from five countries – Australia, Britain, Germany,Hungary and the Netherlands – to provide a reconsideration of the impact of economic wellbeingon happiness. The main conclusion is that happiness is considerably more affected byeconomic circumstances than previously believed. In all five countries wealth affects lifesatisfaction more than income. In the countries for which consumption data are available(Britain and Hungary), non-durable consumption expenditures also prove at least asimportant to happiness as income. Further, results from panel regression fixed effects modelsindicate that changes in wealth, income and consumption all produce significant, though notlarge, changes in satisfaction levels. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1218 | en |
dc.subject.jel | D19 | en |
dc.subject.jel | D31 | en |
dc.subject.jel | I31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | consumption | en |
dc.subject.keyword | economic well-being | en |
dc.subject.keyword | income | en |
dc.subject.keyword | life satisfaction | en |
dc.subject.keyword | subjective wellbeing | en |
dc.subject.keyword | wealth | en |
dc.subject.stw | Lebensstandard | en |
dc.subject.stw | Lebensqualität | en |
dc.subject.stw | Einkommen | en |
dc.subject.stw | Vermögen | en |
dc.subject.stw | Konsumgesellschaft | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Australien | en |
dc.subject.stw | Grossbritannien | en |
dc.subject.stw | Deutschland | en |
dc.subject.stw | Ungarn | en |
dc.subject.stw | Niederlande | en |
dc.subject.stw | Lebenszufriedenheit | en |
dc.title | Money Doesn?t Buy Happiness ... Or Does It? : A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 39264729X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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