Arbeitspapier
Income, happiness, and the disutility of labor
We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel data, controlling for individual unobserved heterogeneity, and specifying the impact of working hours in a non-monotonic form. Our results suggest that the impact of working hours on happiness is rather small and exhibits an inverse U-shape. We do not find evidence that leaving working hours out of the analysis leads to an underestimation of the income effect.
- ISBN
-
978-3-941240-06-3
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeiträge ; No. 2009/12
- Klassifikation
-
Wirtschaft
Welfare Economics: General
General Welfare; Well-Being
- Thema
-
Happiness
life satisfaction
income
disutility of labor
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Knabe, Andreas
Rätzel, Steffen
- Ereignis
-
Veröffentlichung
- (wer)
-
Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
- (wo)
-
Berlin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Knabe, Andreas
- Rätzel, Steffen
- Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
Entstanden
- 2009
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