nep-hap New Economics Papers
on Economics of Happiness
Issue of 2012‒03‒21
four papers chosen by
Viviana Di Giovinazzo
University of Milano-Bicocca

  1. The Influence of Macroeconomic Conditions and Institutional Quality on National Levels of Life Satisfaction By Brendan Walsh
  2. Le manager, la pause et le bien-être By Vincent Grosjean
  3. Statistical models for measuring job satisfaction By Romina Gambacorta; Maria Iannario
  4. Weather and Individual Happiness By Yoshiro Tsutsui

  1. By: Brendan Walsh (University College Dublin)
    Abstract: Answers to the Eurobarometer question on Life Satisfaction are used to explore the effects of macroeconomic performance and institutional quality on average levels of self-assessed well-being in the countries of the enlarged European Union between 2004 and 2011. It is found that variations in national levels of life satisfaction can largely be accounted by a small number of socio-economic indicators. Life satisfaction is lowest in poor, corrupt countries where income inequality is pronounced. The adverse effect of higher unemployment on life satisfaction is partially offset by the positive impact of lower inflation. However, even when these factors are allowed for, significant country-level differences persist.
    Keywords: Life Satisfaction, Living Standards, Unemployment, Inflation, Corruption, Income Inequality
    Date: 2012–03–15
  2. By: Vincent Grosjean (INRS - Institut national de recherche et de sécurité - Institut National de Recherche et de Sécurité)
    Abstract: If manager have to deal with the cognitive load of their staff, they are also responsible of their own equilibrium for what work investment and working time are concerned. Some have underlined that good managers should first take care of their own well-being ! This paper is about the relation to working time of managers, it takes ground on an American study amongst public administrative managers. It has been shown that pauses are useful because they allow more serenity in decision making, they give opportunity to take care of personal issues, and also because it opens opportunity to a renewed relation with other workers. Culpability is nevertheless a problem for some managers. It could be faced through some forms of rituals, and through external prescriptions.
    Keywords: Bien-être au travail, management, santé, pause, travail
    Date: 2011–10–14
  3. By: Romina Gambacorta (Bank of Italy); Maria Iannario (University of Naples Federico II)
    Abstract: In this paper we present two statistical approaches for discussing and modelling job satisfaction based on data collected in the Survey on Household Income and Wealth (SHIW) conducted by the Bank of Italy. In particular, we compare two different classes of model for ordinal data: the Ordinal Probit Model and the more recent CUB model. The aim is to establish common outcomes and differences in the estimated patterns of global job satisfaction, but also to stress the potential for curbing the effects of measurement errors on estimates by using CUB models, allowing us to control for the effect of uncertainty and shelter choices in the response process.
    Keywords: Job satisfaction, ordinal data Modelling, CUB models
    JEL: J28 C25
    Date: 2012–02
  4. By: Yoshiro Tsutsui (Graduate School of Economics, Osaka University)
    Abstract: This paper investigates the influence of weather on happiness. While previous studies have examined climatic influence by comparing the well-being of people living in different regions, this paper focuses on how daily changes in weather affect individuals living in a single location. Our data set consists of 516 days of data on 75 students from Osaka University. Daily information on outside events, as well as the daily physical condition and individual characteristics of the respondents, are used as controls. Subjective happiness is negatively related to temperature and humidity. In a quadratic model, happiness is maximized at 13.9 degrees Celsius. The effects of other meteorological variables\wind speed and precipitation\are not significant. The sensitivity of happiness to temperature also depends on attributes such as sex, age, and academic department. Happiness is more strongly affected by current weather conditions than average weather over the day. While sadness and depression (negative affect) are affected by weather in a similar way to happiness, enjoyment (positive affect) behaves somewhat differently.
    Keywords: happiness, weather, daily web survey, Osaka region
    JEL: I31 Q51 Q54
    Date: 2011–01

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