A popular myth is that the unemployed are only unhappy because they lose income. They derive gains from the increased leisure they enjoy – hence the popular notion of the “dole-bludger” at Bondi Beach enjoying the surf and sunshine while the rest of us slave away supporting their dole payments with our taxed income.
This excellent video presented by Prof. Emmanuel Saez on US and other developed country income distribution trends for top incomes post-1913 is very worthwhile. Nothing exceptionally new is provided but it is very objective and well presented.
HT Greg Mankiw
The talk runs for 40 minutes. The article from which much […]
The preceding post is on the economics of happiness (EOH) literature. Econometrics is not a particular strength of mine but I do have a (possibly) naive query.
EOH identifies relationships between a self-described measure of happiness for individuals (in the studies I discuss it is often a ranking on a scale from 0-10) which is […]
I am attending a conference on The Economics of Happiness in a couple of weeks. It will be held in Byron Bay NSW where I spent some time in my surfing youth. Given the location, I should at least emerge from the conference very happy indeed. I posted once before on this topic when I […]