Arbeitspapier
Reversing the Question: Does Happiness Affect Consumption and Savings Behavior?
I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and have a lower marginal propensity to consume. Happier people take more time for making decisions and have more control over expenditures; they expect a longer life and (accordingly) seem more concerned about the future than the present; they also expect less inflation in the future.
- Language
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Englisch
- Bibliographic citation
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Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 219
- Classification
-
Wirtschaft
Consumer Economics: Empirical Analysis
Climate; Natural Disasters and Their Management; Global Warming
- Subject
-
happiness
savings
consumption
weather
- Event
-
Geistige Schöpfung
- (who)
-
Guven, Cahit
- Event
-
Veröffentlichung
- (who)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
-
Berlin
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Guven, Cahit
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2009
Other Objects (12)
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Essay on Saving and Consumption
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