Material aspirations are initially fairly similar among income groups; consequently more income brings greater happiness. Over the life cycle, however, aspirations grow along with income, and undercut the favourable effect of income growth on happiness, although the cross‐sectional happiness‐income difference persists. People think they were less happy in the past and will be happier in …
Category Archives: 연구논문
Vanberg, V. J. (2005). Market and state: the perspective of constitutional political economy. Journal of Institutional Economics, 1(1), 23-49.
The paper approaches the ‘market versus state’ issue from the perspective of constitutional political economy, a research program that has been advanced as a principal alternative to traditional welfare economics and its perspective on the relation between market and state. Constitutional political economy looks at market and state as different kinds of social arenas in …
Ng, Y. K. (1996). Happiness surveys: Some comparability issues and an exploratory survey based on just perceivable increments. Social Indicators Research, 38(1), 1-27.
Most questionnaires to obtain reports of happiness are primitive with the results obtained of low (interpersonal) comparability. This paper argues that happiness is intrinsically cardinally measurable and comparable though with many difficulties. Moreover, a sophisticated questionnaire was developed and used to obtain more accurate and interpersonally comparable reports of happiness based on the concept of …
Stutzer, A. (2004). The role of income aspirations in individual happiness. Journal of Economic Behavior &Organization, 54(1), 89-109.
Does individual well-being depend on the absolute level of income and consumption or is it relative to one’s aspirations? In a direct empirical test, it is found that higher income aspirations reduce people’s utility, ceteris paribus. Individual data on reported satisfaction with life are used as a proxy measure for utility, and income evaluation measures …
Schneider, F., &Enste, D. H. (2000). Shadow economies: size, causes, and consequences. Journal of economic literature, 38(1), 77-114.
Using various methods, the size of the shadow economy in 76 developing, transition, and OECD countries is estimated. Average size varies from 12 percent of GDP for OECD countries, to 23 percent for transition countries and 39 percent for developing countries. Increasing taxation and social security contributions combined with rising state regulations are driving forces …
Von Hagen, J., &Wolff, G. B. (2006). What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU. Journal of Banking &Finance, 30(12), 3259-3279.
Fiscal rules, such as the excessive deficit procedure and the stability and growth pact (SGP), aim at constraining government behavior. [Milesi-Ferretti, G., 2003. Good, bad or ugly? On the effects of fiscal rules with creative accounting, Journal of Public Economics, 88, 377–394] develops a model in which governments circumvent such rules by reverting to creative …
Dafflon, B., &Rossi, S. (1999). Public accounting fudges towards EMU: a first empirical survey and some public choice considerations.
This paper analyses some one-off measures and other accounting tricks that EU member States have been using to qualify for EMU membership. Moving from empirical evidence to strategic goals, this investigation brings to the fore three crucial issues: the weakness of the methodological rules of the European system of accounts used to assess budgetary convergence …
Frey, B. S., &Kirchgässner, G. (1993). Diskursethik, politische oekonomie und volksabstimmungen. Analyse &Kritik, 15(2), 129-149.
First, the approaches of ‘Diskursethik’ (Discourse ethics) and of Modern Political Economy are described. While the latter investigates political decision processes, the former is concerned with the discourse process which takes place before a decision is made. This is shown by using referenda as an example. The discourse which takes place before referenda obviously does …
Bohnet, I., &Frey, B. S. (1994). Direct‐democratic rules: the role of discussion. Kyklos, 47(3), 341-354.
Referenda and initiatives are hardly considered as democratic devices for a future Europe. Drawing on experimental evidence and empirical findings for Switzerland, the authors argue that direct democracy performs well for the provision of public goods and redistribution as it institutionalizes the political discussion. Communication induces the citizens to transform a public decision into a …
Frey, B. S. (2006). Giving and receiving awards. Perspectives on Psychological Science, 1(4), 377-388.
Awards in the form of orders, medals, decorations, prizes, and titles are ubiquitous in monarchies and republics, private organizations, and not-for-profit and profit-oriented firms. Nevertheless, this kind of nonmaterial extrinsic incentive has been given little attention in the social sciences, including psychology. The demand for awards relies on an individual’s desire for distinction, and the …