nep-hap New Economics Papers
on Economics of Happiness
Issue of 2019‒08‒26
four papers chosen by

  1. Quantifying the Intangible Impact of the Olympics Using Subjective Well-Being Data By Paul Dolan; Georgios Kavetsos; Christian Krekel; Dimitris Mavridis; Robert Metcalfe; Claudia Senik; Stefan Szymanski; Nicolas R. Ziebarth
  2. Creative Destruction, Job Reallocation, and Subjective Well-Being By Ahmadiani, Mona; Hyde, Adam S.; Jackson, Jeremy
  3. Being Unengaged at Work but Still Dedicating Time and Energy: A Longitudinal Study By Sabine Hommelhoff; David Richter; Cornelia Niessen; Denis Gerstorf; Jutta Heckhausen
  4. Education as self-fulfilment and self-satisfaction By Vicky Donlevy; Barry van Driel; Cecile Hoareau McGrath

  1. By: Paul Dolan; Georgios Kavetsos; Christian Krekel; Dimitris Mavridis; Robert Metcalfe; Claudia Senik; Stefan Szymanski; Nicolas R. Ziebarth
    Abstract: Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show that hosting the Olympics increases subjective well-being of the host city's residents during the event, particularly around the times of the opening and closing ceremonies. However, we do not find much evidence for legacy effects. Estimating residents' implicit willingness-to-pay for the event, we do not find that it was worth it for London alone, but a modest wellbeing impact on the rest of the country would make hosting worth the costs.
    Keywords: subjective well-being, life satisfaction, happiness, intangible effects, Olympic Games, sport events, quasi-natural experiment
    JEL: I30 I31 I38 L83
    Date: 2019–08
  2. By: Ahmadiani, Mona; Hyde, Adam S.; Jackson, Jeremy
    Keywords: Labor and Human Capital
    Date: 2019–06–25
  3. By: Sabine Hommelhoff; David Richter; Cornelia Niessen; Denis Gerstorf; Jutta Heckhausen
    Abstract: Overcommitted individuals cannot withdraw from work obligations. We examine whether work goal engagement attenuates the negative effects of overcommitment on work and health outcomes. For overcommitted professionals it should matter whether they dedicate time and energy to work goals they feel bound to or to goals they do not feel attached to (unengaged overcommitment). In a longitudinal study of 752 employees, we examined the interaction between overcommitment (T1) and work goal engagement (T2) in contributing to job and sleep satisfaction (T1 and T3). Results indicated that higher overcommitment and lower work goal engagement were associated with lower job and sleep satisfaction at T3, controlling for T1 job and sleep satisfaction. Overcommitment was only related to lower job satisfaction when work goal engagement was low. No interactive effect was found for sleep satisfaction. These findings support the essential role of goal engagement for well-being and adaptive development in the work domain.
    Keywords: overcommitment, work goal engagement, job satisfaction, sleep satisfaction, well-being at work
    Date: 2019
  4. By: Vicky Donlevy (Ecorys); Barry van Driel (International Association for Intercultural Education); Cecile Hoareau McGrath (Ecorys)
    Abstract: Key drivers of contemporary rapid changes in the educational realm relate to ongoing technological, demographic, economic and social developments in modern European societies. These developments are having an impact on education throughout the lifespan, including a shift to a focus on new types of competences. This shift is becoming increasingly profound in a dynamic, multicultural, and interconnected Europe. The evidence, from various fields of research, shows that non-cognitive competences such as resilience, creativity, and empathy - as well as those noncognitive competences associated with social-emotional learning and active citizenship - have a positive impact on well-being and also performance. This paper takes a closer look at recent developments relating to these issues across the EU, both in terms of challenges and opportunities, and identifies practices that can serve as inspiration for future policies and practices. The paper reviews the literature as well as current practice related to trends, drivers, practices and future developments relating to four key sub-topics: non-cognitive competences as a broader topic; then resilience, creativity, and active citizenship as more specific sub-topics.
    Keywords: Education, Training, Non-Cognitive Competences, Resilience, Creativity, Active Citizenship, Wellbeing
    Date: 2019–08

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