Trend in aggregate income, shocks and sources, and implications for child well-being

2021 ◽  
pp. 15-21
Author(s):  
Keyword(s):  
Well Being ◽  
Income Shocks ◽  
Aggregate Income

scholarly journals Farm Producers' Household Consumption and Individual Risk Behavior after Natural Disasters

2021 ◽  
Vol 50 (1) ◽  
pp. 127-149
Author(s):  
Ahmad Zia Wahdat ◽  
Michael A. Gunderson ◽  
Jayson L. Lusk
Keyword(s):  
Absolute Risk ◽  
Risk Preferences ◽  
Well Being ◽  
Household Consumption ◽  
Sample Survey ◽  
Individual Risk ◽  
Income Shocks ◽  
Income Loss ◽  
Business Decisions ◽  
Income Shock

AbstractUnderstanding how farm household consumption responds to adverse income shocks can provide insight into household well-being and appropriate agricultural policy. Using a split-sample survey of Indiana specialty producers, where we randomly assign respondents to treatments that vary the size of a hypothetical income shock, we estimate the relationship between income loss and household consumption. Given that postdisaster producers' risk preferences are important for business decisions, we elicit producers' risk preferences. We find that food and miscellaneous expenses are the most sensitive to income losses. We also find evidence for decreasing absolute risk aversion among producers after the income loss shock.

scholarly journals Happiness and the Persistence of Income Shocks

2015 ◽  
Vol 7 (4) ◽  
pp. 160-187 ◽  
Author(s):  
Christian Bayer ◽  
Falko Juessen
Keyword(s):  
Incomplete Markets ◽  
Instrumental Variable ◽  
Estimation Procedure ◽  
Well Being ◽  
Income Shocks ◽  
Transitory Shocks ◽  
Transitory Income ◽  
Observable Data ◽  
Per Se ◽  
Two Step Estimation

We reassess the empirical effects of income and employment on self-reported well-being. Our analysis makes use of a two-step estimation procedure that allows us to apply instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks. In line with this theory, we find that persistent shocks have a significant impact on happiness while transitory shocks do not. This also has consequences for inference about the happiness effect of employment. We find that employment per se is associated with a nonsignificant decline in happiness. (JEL D12, D52, I31, J22)

Wealth and Happiness

2017 ◽  
Author(s):  
Claudia Senik
Keyword(s):  
Well Being ◽  
Safety Net ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Subjective Well Being ◽  
Income Shocks ◽  
National Wealth ◽  
Data Limitations ◽  
Aggregate Wealth ◽  
The Relationship

Does wealth accumulation impact subjective well-being? Within a country, household wealth has been shown to improve individual well-being by providing a safety net of protection against negative income shocks, by allowing current and expected consumption flows, and by its potential use as a collateral. At the aggregate level, direct evidence about the relationship between national wealth and happiness is almost non-existent, owing to data limitations and statistical identification problems. However, aggregate wealth impacts well-being indirectly, via positive channels such as institutional quality and improvement in health, life expectancy, and education. Wealth also brings about negative environmental degradations and other damages. The stock of accumulated wealth is also likely to affect happiness indirectly, via its influence on the rate of GDP growth, because both the level of income flows and the rate of income growth have been shown to be factors of higher well-being.

Aggregate Income Shocks and Infant Mortality in the Developing World

2011 ◽  
Vol 93 (3) ◽  
pp. 847-856 ◽  
Author(s):  
Sarah Baird ◽  
Jed Friedman ◽  
Norbert Schady
Keyword(s):  
Infant Mortality ◽  
Developing World ◽  
Income Shocks ◽  
Aggregate Income

Economic drivers of dwelling satisfaction

2009 ◽  
Vol 2 (1) ◽  
pp. 6-20 ◽  
Author(s):  
Björn Frank ◽  
Takao Enkawa
Keyword(s):  
Economic Growth ◽  
Customer Satisfaction ◽  
Social Indicators ◽  
Well Being ◽  
Future Research ◽  
Subjective Well Being ◽  
Cross Sectional ◽  
Content Type ◽  
Mediated Effects ◽  
Aggregate Income

PurposeSociologists are discussing whether or not economic growth enhances subjective well‐being. To complement their research from a housing perspective, the purpose of this paper is to investigate whether aggregate income enhances dwelling satisfaction over time. While cross‐sectional studies have only examined the direct influence of income on dwelling satisfaction, this paper suggests that there are additional influences mediated by other social indicators.Design/methodology/approachBased on data from Germany, correlation and regression analyses examine the impacts of aggregate income and other social indicators on dwelling satisfaction. Path analysis is used to test for the existence of mediated relationships.FindingsThe paper finds that aggregate income positively influences dwelling satisfaction. Environmental satisfaction, customer satisfaction and satisfaction with family relations also positively impact dwelling satisfaction and mediate influences of aggregate income. The mediated effects are stronger than the direct effect of aggregate income on dwelling satisfaction.Research limitations/implicationsThe longitudinal availability of aggregate customer satisfaction data is still limited. Future research on dwelling satisfaction is encouraged to account for customer satisfaction and to reexamine the analyses of this study with future data.Practical implicationsStimulating economic growth is a good strategy to improve dwelling satisfaction. Policies improving the environment, family support and shopping opportunities are also effective.Originality/valueThis paper is original in that it examines the impacts of economic growth and customer satisfaction on dwelling satisfaction. While the extant literature has only analysed direct effects of income on dwelling satisfaction, this study also accounts for mediated effects.

The Relationship Between Hearing Loss Self-Management and Hearing Aid Benefit and Satisfaction

2019 ◽  
Vol 28 (2) ◽  
pp. 274-284 ◽  
Author(s):  
Elizabeth Convery ◽  
Gitte Keidser ◽  
Louise Hickson ◽  
Carly Meyer
Keyword(s):  
Decision Making ◽  
Hearing Loss ◽  
Hearing Aids ◽  
Clinical Decision Making ◽  
Hearing Aid ◽  
Well Being ◽  
Self Report ◽  
Self Management ◽  
Hearing Aid Benefit ◽  
The Relationship

Purpose Hearing loss self-management refers to the knowledge and skills people use to manage the effects of hearing loss on all aspects of their daily lives. The purpose of this study was to investigate the relationship between self-reported hearing loss self-management and hearing aid benefit and satisfaction. Method Thirty-seven adults with hearing loss, all of whom were current users of bilateral hearing aids, participated in this observational study. The participants completed self-report inventories probing their hearing loss self-management and hearing aid benefit and satisfaction. Correlation analysis was used to investigate the relationship between individual domains of hearing loss self-management and hearing aid benefit and satisfaction. Results Participants who reported better self-management of the effects of their hearing loss on their emotional well-being and social participation were more likely to report less aided listening difficulty in noisy and reverberant environments and greater satisfaction with the effect of their hearing aids on their self-image. Participants who reported better self-management in the areas of adhering to treatment, participating in shared decision making, accessing services and resources, attending appointments, and monitoring for changes in their hearing and functional status were more likely to report greater satisfaction with the sound quality and performance of their hearing aids. Conclusion Study findings highlight the potential for using information about a patient's hearing loss self-management in different domains as part of clinical decision making and management planning.

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