| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP7269
|
| DP7269 Consumption, Land Prices and the Monetary Transmission Mechanism in Japan |
| John Muellbauer; Keiko Murata
|
| 发表日期 | 2009-04-19
|
| 出版年 | 2009
|
| 语种 | 英语
|
| 摘要 | Despite strong growth performance in transition economies in the last decade, residents of transition countries report abnormally low levels of life satisfaction. Using data from the World Values Survey and other sources, we study various explanations of this phenomenon. First, we document that the disparity in life satisfaction between residents of transition and non-transition countries is much larger among the elderly. Second, we find that deterioration in public goods provision, an increase in macroeconomic volatility, and a mismatch of human capital of residents educated before transition which disproportionately affected the aged population explain a great deal of the difference in life satisfaction between transition countries and other countries with similar income and other macroeconomic conditions. The rest of the gap is explained by the difference in the quality of the samples. As in other countries, life satisfaction in transition countries is strongly related to income; but, due to a higher non-response of high-income individuals in transition countries, the survey-data estimates of the recent increase in life satisfaction, driven by 10-year sustained economic growth in transition region, are biased downwards. The evidence suggests that if the region keeps growing at current rates, life satisfaction in transition countries will catch up with the "normal" level in the near future. |
| 主题 | Development Economics
; Public Economics
|
| 关键词 | Happiness
Unhappiness
Transition
Satisfaction
|
| URL | https://cepr.org/publications/dp7269
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536106
|
推荐引用方式
GB/T 7714 |
John Muellbauer,Keiko Murata. DP7269 Consumption, Land Prices and the Monetary Transmission Mechanism in Japan. 2009.
|
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