nep-hap New Economics Papers
on Economics of Happiness
Issue of 2024‒10‒07
two papers chosen by
Viviana Di Giovinazzo, Università degli Studi di Milano-Bicocca


  1. Connecting with nature: The missing link between life satisfaction and health-related quality of life By Sollis, Kate; Rajeevan, Usitha; van Eeden, Lily; Lee, Kate; Keniger, Lucy; Lin, Brenda; Marsh, Pauline; Flies, Emily
  2. Time is Knowledge: What Response Times Reveal By Jean-Michel Benkert; Shuo Liu; Nick Netzer

  1. By: Sollis, Kate; Rajeevan, Usitha; van Eeden, Lily; Lee, Kate; Keniger, Lucy; Lin, Brenda; Marsh, Pauline; Flies, Emily
    Abstract: Nature connection is an important leverage point for both human wellbeing and planetary health. While previous research has identified associations between nature connection and wellbeing, there has been little examination of how different wellbeing measures are associated with nature connection, and how this correlation varies by population groups. We seek to fill this gap through a survey of 4006 individuals in Australia. We find a strong association between nature connection and two measures of wellbeing: life satisfaction, and health-related quality-of-life. The association between nature connection and life satisfaction was similar to that of income and life satisfaction. The association between nature connection and wellbeing was found to be particularly strong for younger people, and those who speak a language other than English at home. Through developing a measure examining one’s life satisfaction relative to their health-related quality-of-life, we find that those with higher levels of nature connection tend to have greater life satisfaction than health-related quality-of-life. These findings highlight the important role policy can play in enhancing nature connection to improve wellbeing, such as expanding green space development and providing individuals with more opportunities to meaningfully connect with nature. Keywords: Nature connection, wellbeing, life satisfaction, health-related quality-of-life
    Date: 2024–09–05
    URL: https://d.repec.org/n?u=RePEc:osf:socarx:s74k9
  2. By: Jean-Michel Benkert; Shuo Liu; Nick Netzer
    Abstract: Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. Here, we provide a general characterization of the properties of latent variables that can be detected using response time data. Our characterization generalizes various results in the literature, helps to solve identification problems of binary response models, and paves the way for many new applications. We apply the result to test the hypothesis that marginal happiness is decreasing in income, a principle that is commonly accepted but so far not established empirically.
    Date: 2024–08
    URL: https://d.repec.org/n?u=RePEc:arx:papers:2408.14872

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