Timeline for Can we add well-being into macro model as an endogenous variable?
Current License: CC BY-SA 3.0
6 events
| when toggle format | what | by | license | comment | |
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| Dec 20, 2017 at 21:41 | comment | added | user68863 | I got your point. Thank you very much! @Maarten | |
| Dec 19, 2017 at 16:55 | comment | added | Maarten Punt | As an example it has been established that countries with larger income per capita are happier, but as income increases over time in a specific country that does not increase happiness. That can be explained with a.o. that people care about relative income but no doubt by many other theories as well | |
| Dec 19, 2017 at 16:50 | comment | added | Maarten Punt | In my view that suffers from the same problems. How would we know what the relation is between subjective well-being and other variables? Again we can do statistics in retrospect (there is in fact a lot of research on correlates of life satisfaction) but causal relationships are hard to establish, let alone validated and used in further modeling exercises. | |
| Dec 19, 2017 at 16:25 | vote | accept | user68863 | ||
| Dec 19, 2017 at 16:24 | comment | added | user68863 | Thank you! so what if I used subjective well being as a measure of well being? | |
| Dec 19, 2017 at 10:32 | history | answered | Maarten Punt | CC BY-SA 3.0 |