nep-hap New Economics Papers
on Economics of Happiness
Issue of 2013‒12‒06
two papers chosen by
Viviana Di Giovinazzo
University of Milano-Bicocca

  1. Endogeneity in the Relation between Poverty, Wealth and Life Satisfaction By André Hajek
  2. Happiness of economists By Feld, Lars P.; Necker, Sarah; Frey, Bruno S.

  1. By: André Hajek
    Abstract: This publication concentrates on the complex interplay between poverty, wealth and life satisfaction. Main areas of life are quantified in a multidimensional approach of poverty and wealth: Individual income, current health, occupational autonomy or employment status and also the mentioned life satisfaction. Data used in this publication were made available by the German Socio Economic Panel Study (SOEP) at the German Institute for Economic Research (DIW Berlin), Berlin. A period from 1998-2009 is examined. This study has two main goals: (1) To contribute to the interconnection between poverty, wealth and life satisfaction. (2) Besides, the endogeneity research regarding life satisfaction should be expanded. Reduced form vector-autoregressions (with first differences) were used to answer the questions. Therefore, granger-causality can be supposed. Major findings: An initial rise in life satisfaction can improve income and health, but not job autonomy. However, even the probability of returning from unemployment to employment can increase. Gender-specific differences are discussed.
    Keywords: life satisfaction, unemployment, SOEP, vector autoregressions, endogeneity, income, health, occupational autonomy
    JEL: I19 I31 I32 J64
    Date: 2013
    URL: http://d.repec.org/n?u=RePEc:diw:diwsop:diw_sp604&r=hap
  2. By: Feld, Lars P.; Necker, Sarah; Frey, Bruno S.
    Abstract: This study investigates the determinants of economists' life satisfaction. The analysis is based on a survey of professional, mostly academic economists from European countries and beyond. We find that certain features of economists' professional situation influence their well-being. Happiness is increased by having more research time while the lack of a tenured position decreases satisfaction in particular if the contract expires in the near future or cannot be extended. Surprisingly, publication success has no effect on satisfaction. While the perceived level of external pressure also has no impact, the perceived change of pressure in recent years has. Economists may have accepted a high level of pressure when entering academia but do not seem to be willing to cope with the increase observed in recent years. --
    Keywords: happiness,academic labor market,extrinsic and intrinsic motivation,publish or perish-culture
    JEL: I31 A11 J28
    Date: 2013
    URL: http://d.repec.org/n?u=RePEc:zbw:aluord:137&r=hap

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