Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in well-be...

The goal of this study is to improve our understanding of life satisfaction overall and in Russia in particular by examining the impacts of diet on lifetime satisfaction and correcting for reverse causality using 1994-2005 data from the Russian Longitudinal Monitoring Survey (RLMS). Do people with better diets report higher levels of lifestyle satisfaction? Results suggest that calories, fat, a...

The pattern of protein kinase C (PKC) isotype expression in whole extracts of dispersed, freshly isolated adult rat ventricular myocytes and adult rat heart ventricle was examined by immunoblot analysis using antisera specific for PKC-ea, -th, -, -6, -e, -g, or -q isotypes. This analysis revealed significant levels of expression of the Ca2+-independent isotype PKC-e, which was detected as a ban...

In this paper we provide estimates of the coefficient of relative risk aversion using information on selfreports of subjective personal well-being from three datasets: the Gallup World Poll, the European Social Survey, and the World Values Survey. We additionally consider the implications of allowing for health state dependence in the utility function on estimates of risk aversion and examine h...

Multidimensional Affluence: Theory and Applications to Germany and the US This paper suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analyzing the role of income and wealth a...

Using data from the 2010 China Family Panel Studies, this study investigates the association between commute time and subjective well-being in a sample of 16to 65-year-old employees in urban China. We find evidence that a longer commute time is associated with lower levels of both life satisfaction and happiness, especially when the commute times are extreme (≥ 1 hour per day). A multiple media...

Whereas life expectancy continues to increase in most industrialized countries many developing and transition countries are today confronted with decreases in life expectancy. Usual measures employed to compare welfare over time and space fail to deal with such demographic change and may lead to the so-called ‘repugnant’ conclusion that lower life expectancy involves higher welfare per capita. ...

Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This implies that behavior reveals consistent preferences. This approach makes it impossible to detect and under...

THE CONNEXION BETWEEN OLD AND NEW APPROACHES TO FINANCIAL SATISFACTION by Bernard M.S.van Praag In this paper we compare the new satisfaction evaluation approach, developed in the nineties by Oswald ,Clark , Blanchflower and others with the older income evaluation (IEQ) approach, developed by Van Praag and Kapteyn in the seventies of the previous century. We find that both approaches yield stri...

Recent Advances in the Economics of Individual Subjective Well-Being Over the last decades, empirical research on subjective well-being in the social sciences has provided a major new stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported subjective wellbeing is often taken as a proxy measure for individual welfare. In our revi...