Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/150765 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 218
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
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 individual happiness with regional sunshine, and I find that happy people appear to be more risk-averse in financial decisions, and accordingly choose safer investments. Happy people take more time for making decisions and have more self-control. Happy people also expect to live longer and accordingly seem more concerned about the future than the present, and expect less inflation.
Schlagwörter: 
happiness
risk-taking
climate
JEL: 
D1
D91
G11
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
364.61 kB





Publikationen in EconStor sind urheberrechtlich geschützt.