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on Economics of Happiness |
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Issue of 2015‒05‒09
four papers chosen by |
| By: | Francesco Bartolucci; Aleksandra Baschina; Giovanni S. F. Bruno; Olga Demidova; Marcello Signorelli (-) |
| Abstract: | A growing economic literature regards the analysis of job satisfaction; however, as for young people the investigations are still scarce. In this paper we analyse job satisfaction among Russian young workers by using the data collected for four items, the first of which concerns the general satisfaction about the job; the other three items concern specific aspects of job satisfaction with respect to work condition, earning, and opportunity for professional growth. The corresponding response variables are categorical with five ordered categories, from “absolutely unsatisfied” to “absolutely satisfied”. The longitudinal dataset also contains personal information about the respondents (gender, age, marital status, number of children, educational level, etc.). We estimate ordered logit models of job satisfaction with individual fixed effects for a panel data of Russian young workers, carrying out separate analyses for the general job satisfaction variable and three variables on specific aspects of job satisfaction. If wages adjusted to fully compensate workplace disamenities, we would expect that differences in job satisfaction across individuals would not be systematically related to wage differentials, ceteris paribus. But this is not the case for our panel: for all but one of the samples considered there is at least one job satisfaction variable with a significantly positive wage effect. We, therefore, interpret this result as a failure of the theory of compensating wage differentials in the Russian youth labour market. There is the interesting exception, though, that compensating wage differentials do seem at work among the older subjects in the panel. Our estimates also show strong gender and location effects. |
| Keywords: | job satisfaction, young people, Russia |
| JEL: | J28 J81 |
| Date: | 2015–03–07 |
| URL: | http://d.repec.org/n?u=RePEc:crj:dpaper:7_2015&r=hap |
| By: | Izu, Akhenaton |
| Abstract: | The objective of this paper is to highlight the idea according to wish the current misery of the DRC would be mainly dependent on the debt crisis of the years 1970-1980. To analyze this problem, the econometric approach was privileged and more precisely the cointegration. By the cointegration, one seeks to know if there is a long-term relation between the debt in% of the GDP and the GDP per capita. After deepened analyses, it was found that the weight of the external debt, with through the ousting of the welfare expenditures and the investments, had a negative effect on the population well-being. The undertaken studies reveal when the debt in % of the GDP increases by 10%, the GDP per capita decreases by 6.5% in short-term and by 23% in long-term. |
| Keywords: | Well-being, Cointegration, External debt, Investments, Democratic Republic of Congo. |
| JEL: | C22 D60 E22 H63 O47 |
| Date: | 2014–04–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:64186&r=hap |
| By: | Karol J. Borowiecki (Department of Business and Economics, University of Southern Denmark, Odense,Denmark); Catarina Marvao (SITE-Stockholm School of Economics, Stockholm, Sweden) |
| Abstract: | Dancing may be one of the most competitive professions availabl career-wise. The lack of job opportunities and the competitiveness, the inherent expense in costumes and training and the high risk of injuries mean that only few dancers are able to make it their profession. However, dancing is an activity that comes with positive externalities, as various socioeconomic benefits are experienced by those who practice dance non-professionally. Despite the importance of dancing, very little is known with respect to the profiles of dancers. This paper, by availing of an information database on cultural preferences and habits in Denmark for 2004, illustrates the profiles of dancers and dance audiences and so deepens the current knowledge on the functioning of the dance market. We show that there exists a very strong positive correlation between cultural participation and the well-being of a society. These links are carefully described in the paper. |
| Keywords: | Cultural consumption, Book markets, Cultural policy, Value added tax, fiscal policy |
| JEL: | H21 H31 I30 K34 Z11 |
| Date: | 2015–04 |
| URL: | http://d.repec.org/n?u=RePEc:cue:wpaper:awp-01-2015&r=hap |
| By: | Luigino Bruni (LUMSA, Sophia, CERBE); Giovanni Ferri (LUMSA, CERBE, MoFiR) |
| Abstract: | Why is the share of happy people higher in some countries than in their equally developed neighbors? We conjecture that the apparent contradiction might depend on a country's endowment of relational goods, which we proxy empirically with the extent of cooperativeness. Compiling an index of the importance of the cooperative sector, we test whether higher values of the index associate with more happiness controlling for countries' HDI and other control variables. Checking for endogeneity, we find support for our hypothesis and that support is stronger for more developed countries. This suggests that, indeed, relational goods might help tackle Easterlin's paradox. |
| Keywords: | Cross-country evidence, Extent of the cooperative sector, Happiness |
| JEL: | I31 P13 |
| Date: | 2015–05 |
| URL: | http://d.repec.org/n?u=RePEc:anc:wmofir:107&r=hap |