Arbeitspapier

The happiness of economists: Estimating the causal effect of studying economics on subjective well-being

This is the first paper that studies the causal effect of studying economics on subjective well being. Based on a survey among 918 students of economics and other social sciences, we estimate the effects of studying in the different fields on individual life satisfaction. Controling for personal characteristics we apply innovative instrumental variable methods developed in labor and conflict economics. We find a positive relationship between the study of economics and individual well-being. Additionally, we also find that income and future job chances are the most important drivers of happiness for participants of our survey.

ISBN
978-3-86304-156-4
Sprache
Englisch

Erschienen in
Series: DICE Discussion Paper ; No. 157

Klassifikation
Wirtschaft
Role of Economics; Role of Economists; Market for Economists
Relation of Economics to Social Values
Analysis of Education
General Welfare; Well-Being
Thema
Happiness
Life Satisfaction
Economists
Students
Economics Education

Ereignis
Geistige Schöpfung
(wer)
Haucap, Justus
Heimeshoff, Ulrich
Ereignis
Veröffentlichung
(wer)
Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
(wo)
Düsseldorf
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:44 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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Haucap, Justus
  • Heimeshoff, Ulrich
  • Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)

Entstanden

  • 2014

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