Reversing the question: Does happiness affect consumption and savings behavior?

Journal of Economic Psychology - Tập 33 - Trang 701-717 - 2012
Cahit Guven1
1School of Accounting, Economics, and Finance, Deakin University, 221 Burwood Highway, Burwood, Victoria 3125, Australia

Tài liệu tham khảo

Ameriks, J., Caplin, A., Leahy, J., & Tyler, T. (2004). Measuring self-control. NBER Working Paper 10514. Becchetti, L., Castriota, S., & Andres Londono Bedoya, D. (2007). Climate, happiness, and the Kyoto protocol: Someone does not like it hot anymore. Centre for Economic and International Studies Working Paper 247. Biel, 2011, The willingness to pay-willingness to accept gap revisited: The role of emotions and moral satisfaction, Journal of Economic Psychology, 32, 908, 10.1016/j.joep.2011.07.010 Blanchflower, 2004, Well-being over time in Britain and the United States, Journal of Public Economics, 88, 1359, 10.1016/S0047-2727(02)00168-8 Baum, C. F., Schaffer, M. E., & Stillman, S. (2003). Instrumental variables and GMM: Estimation and testing. Boston College Working Paper 545. Carte, 2011, Recognizing the role of positive emotions in fostering environmentally responsible behaviors, Ecopsychology, 3, 65, 10.1089/eco.2010.0071 Clark, A., & Senik, C. (2010). Is happiness different from flourishing? Cross-country evidence from the ESS. Paris School of Economics, mimeo. Camerer, 2011, Psychological influences on economic choice: Pavlovian cuing and emotional regulation Carver, 2010, Optimism, Clinical Psychology Review, 30, 879, 10.1016/j.cpr.2010.01.006 Cryder, 2008, Misery is not miserly: Sad and self-focused individuals spend more, Psychological Science, 19, 525, 10.1111/j.1467-9280.2008.02118.x Dohmen, 2010, Individual risk attitudes: New evidence from a large, representative, experimentally-validated survey, Journal of the European Economic Association, 3, 522 Dolan, 2008, Do we really know what makes us happy? A review of the economic literature on the factors associated with subjective well-being, Journal of Economic Psychology, 29, 94, 10.1016/j.joep.2007.09.001 Easterlin, 1974, Does economic growth improve the human a lot? Some empirical evidence Easterlin, 2006, Life cycle happiness and its sources: Intersections of psychology, economics, and demography, Journal of Economic Psychology, 27, 463, 10.1016/j.joep.2006.05.002 Frank, 1999 Freeman, 1978, Job satisfaction as an economic variable, American Economic Review, 68, 135 Frey, 2002, What can economists learn from happiness research?, Journal of Economic Literature, 40, 402, 10.1257/002205102320161320 Frey, 2006, Does marriage make people happy, or do happy people get married?, Journal of Socio-Economics, 35, 326, 10.1016/j.socec.2005.11.043 Frijters, 1998, The effects of climate on welfare and well-being in Russia, Climatic Change, 39, 61, 10.1023/A:1005347721963 Graham, 2004, Does happiness pay? An exploration based on panel data from Russia, Journal of Economic Behavior and Organization, 55, 319, 10.1016/S0167-2681(04)00047-2 Gilbert, 2007 Guven, 2011, Are happier people better citizens?, Kyklos, 64, 178, 10.1111/j.1467-6435.2011.00501.x Howarth, 1984, A multidimensional approach to the relationship between mood and weather, British Journal of Psychology, 75, 15, 10.1111/j.2044-8295.1984.tb02785.x Hoch, 1991, Time-inconsistent preferences and consumer self-control, Journal of Consumer Research, 17, 492, 10.1086/208573 Ifcher, 2011, Happiness and time preference: The effect of positive affect in a random- assignment experiment, American Economic Review, 101, 3109, 10.1257/aer.101.7.3109 Kahneman, 2006, Developments in the measurement of subjective well-being, Journal of Economic Perspectives, 20, 3, 10.1257/089533006776526030 Kahneman, 1997, Back to Bentham? Explorations of experienced utility, Quarterly Journal of Economics, 112, 375, 10.1162/003355397555235 Kenny, 1999, Does growth cause happiness, or does happiness cause growth?, Kyklos, 52, 3, 10.1111/j.1467-6435.1999.tb00576.x Khwaja, A., Silverman, D., & Sloan, F. (2006). Time preference, time discounting, and smoking decisions. NBER Working Paper 12615. Lyubomirsky, 2005, The benefits of frequent positive affect: does happiness lead to success?, Psychological Bulletin, 131, 803, 10.1037/0033-2909.131.6.803 Mastekaasa, 1992, Marriage and psychological well-being: Some evidence on selection into marriage, Journal of Marriage and the Family, 54, 901, 10.2307/353171 Mitrut, 2011, Do private and public transfers received affect life satisfaction? Evidence from Romania, Journal of Economic Psychology, 32, 969, 10.1016/j.joep.2011.03.007 Moulton, 1990, An illustration of a pitfall in estimating the effects of aggregate variables on micro units, Review of Economics and Statistics, 72, 334, 10.2307/2109724 Oswald, A. J., & Powdthavee, N. (2007). Death and the calculation of hedonic damages. University of Warwick Working Paper. Oswald, 1997, Happiness and economic performance, Economic Journal, 107, 1815, 10.1111/j.1468-0297.1997.tb00085.x Ozdenoren, E., Salant, S., & Silverman, D. (2006). Willpower and the optimal control of visceral urges. NBER Working Paper 12278. Rabin, 1998, Psychology and economics, Journal of Economic Literature, 36, 11 Rehdanz, 2005, Climate and happiness, Ecological Economics, 52, 111, 10.1016/j.ecolecon.2004.06.015 Richins, 1997, Measuring emotions in the consumption experience, Journal of Consumer Research, 24, 127, 10.1086/209499 Rucker, 2004, Emotion specificity and consumer behavior: Anger, sadness, and preference for activity, Motivation and Emotion, 28, 3, 10.1023/B:MOEM.0000027275.95071.82 Schwarz, 1983, Mood, misattribution, and judgments of well-being: Informative and directive functions of affective states, Journal of Personality and Social Psychology, 45, 513, 10.1037/0022-3514.45.3.513 Shim, 2012, The ant and the grasshopper revisited: The present psychological benefits of saving and future oriented financial behaviors, Journal of Economic Psychology, 33, 155, 10.1016/j.joep.2011.08.005 Smith, 1759 Staiger, 1997, Instrumental variables regression with weak instruments, Econometrica, 65, 557, 10.2307/2171753 Stillman, 2012, The material and immaterial in conflict: Spirituality reduces conspicuous consumption, Journal of Economic Psychology, 33, 1, 10.1016/j.joep.2011.08.012 Stock, J. H., & Yogo, M. (2002). Testing for weak instruments in linear IV regression. NBER Working Paper 284. Stutzer, 2004, The role of income aspirations in individual happiness, Journal of Economic Behavior and Organization, 54, 89, 10.1016/j.jebo.2003.04.003 Taylor, 2011, Financial capability and psychological health, Journal of Economic Psychology, 32, 710, 10.1016/j.joep.2011.05.006 Tversky, 1973, Availability: A heuristic for judging frequency and probability, Cognitive Psychology, 5, 207, 10.1016/0010-0285(73)90033-9 Tversky, 1974, Judgment under uncertainty: Heuristics and biases, Science, 185, 1124, 10.1126/science.185.4157.1124 Van Praag, 2004 Van de Wetering, 2010, Piecing the jigsaw puzzle of adolescent happiness, Journal of Economic Psychology, 31, 923, 10.1016/j.joep.2010.08.004 Van Winden, 2011, Investment, resolution of risk, and the role of affect, Journal of Economic Psychology, 32, 918, 10.1016/j.joep.2011.07.007 Weinstein, 1980, Unrealistic optimism about future life events, Journal of Personality and Social Psychology, 39, 806, 10.1037/0022-3514.39.5.806 Winkelmann, 2012, Conspicuous consumption and satisfaction, Journal of Economic Psychology, 33, 183, 10.1016/j.joep.2011.08.013 Yang, 2008, Social inequalities in happiness in the United States, 1972–2004: An age-period-cohort analysis, American Sociological Review, 73, 204, 10.1177/000312240807300202