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来源类型Working Paper
规范类型报告
DOI10.3386/w13159
来源IDWorking Paper 13159
Happiness Adaptation to Income and to Status in an Individual Panel
Rafael Di Tella; John Haisken-De New; Robert MacCulloch
发表日期2007-06-07
出版年2007
语种英语
摘要We study "habituation" to income and to status using individual panel data on the happiness of 7,812 people living in Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" defined over several lags of income and status and compare the long run effects. We can (cannot) reject the hypothesis of no adaptation to income (status) during the four years following an income (status) change. In the short-run (current year) a one standard deviation increase in status and 52% of one standard deviation in income are associated with similar increases in happiness. In the long-run (five year average) a one standard deviation increase in status has a similar effect to an increase of 285% of a standard deviation in income. We also present different estimates of habituation across sub-groups. For example, we find that those on the right (left) of the political spectrum adapt to status (income) but not to income (status).
主题Microeconomics ; Health, Education, and Welfare ; Poverty and Wellbeing
URLhttps://www.nber.org/papers/w13159
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/570828
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GB/T 7714
Rafael Di Tella,John Haisken-De New,Robert MacCulloch. Happiness Adaptation to Income and to Status in an Individual Panel. 2007.
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