When experienced and decision utility concur: The case of income comparisons

Abstract

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The Effects of Income Transparency on Well-Being: Evidence from a Natural Experiment

“…Google Trends does not provide information about the absolute number of searches, so the search totals are normalized as a fraction of YouTube searches. 18 The data suggest a remarkable interest in the tax lists: for every five searches for YouTube, there was about one for skattelister. Norwegians were more likely to search for the tax records than to search for the weather.…”

‘Fair’ welfare comparisons with heterogeneous tastes: subjective versus revealed preferences

“…Note that this approach yields a perfect decomposition of total reranking, which is not sensitive to the order of decomposition (and is actually identical to one where we extract the contribution of each group at a time by neutralizing all other groups). 19 Results con…rm that reranking is closely associated to large deviations (the correlation between the contribution to the former and the contribution to the latter is :98 for the Rent and :92 for the Wage, as indicated in the lower part of the table). Among the main contributors to reranking, it turns out that low-educated men and women, especially older, are characterized by overwork.…”

“…A similar order is obtained when using the proportion of large deviation or -unreported -the average level of absolute deviation, with the exception of M-L-Y (the latter has the lowest rate of high deviation but is a relatively large group). 19 This is not the case with the Spearman correlation, which is sensitive to the order of decomposition. Shapley values could be calculated but it would require to compute contributions for the 362,880 permutations of the 9 subgroups.…”

Influence of Microfinance and Empowerment on Satisfaction: Case Study of Pakistan

“…According to the existing empirical research and theories on happiness there is happinessincome paradox (Abdel-Khalek, and Korayem (2018); Barrington-Leigh and Galbraith (2019); Fanning and O'Neill (2019); Han, Jung and Xiong (2019); Hastings (2019); Jacob, Rothmann, and Stander, (2019); Li, and Shi (2019); Ng, and Diener (2018); Okulicz-Kozaryn, and Golden (2018); Wang, Cheng and Smyth (2019). Clark, Senik, and Yamada (2017) and Easterlin, Switek, Zweig (2010)) discusses that the striking thing about the happinessincome paradox is that over the long-term usually a period of 10 years or more happiness does not increase as a country's income rises. Recent critiques of the paradox, claiming the time series relationship between happiness and income is positive, are the result of either a statistical artifact or a confusion of the short-term relationship with the long-term one.…”