Money and Happiness : Evidence from the Industry Wage Structure

  title={Money and Happiness : Evidence from the Industry Wage Structure},
  author={J. D. Von Pischke},
Money and Happiness: Evidence from the Industry Wage Structure There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this correlation reflects causality running from money to happiness. I use industry wage differentials as instruments for income. This is based on the idea that at least part of these differentials are due to rents, and part of the pattern of… CONTINUE READING


Publications referenced by this paper.
Showing 1-10 of 39 references

Estimates of the Effect of Wages on Job Satisfaction,”CEP Discussion Paper 531 (May)

Chevalier, Arnaud, Raymonn Lydon
View 10 Excerpts
Highly Influenced

Changes in the Wage Structure, Family Income, and Children’s Education

Acemoglu, Daron, Jörn-Steffen Pischke 2001
European Economic Review, 45, (May), 890-904.
View 10 Excerpts
Highly Influenced

Income, health, and well-being around the world: evidence from the Gallup World Poll.

The journal of economic perspectives : a journal of the American Economic Association • 2008
View 5 Excerpts
Highly Influenced

Looking for Labour Market Rents Using Subjective Data,”mimeographed

Clark, Andrew
PSE (September) • 2003
View 4 Excerpts
Highly Influenced

Does Relative Income Matter? Are the Critics Right?

Layard, Richard, Guy Mayraz, Stephen Nickell
editors, International Differences in Well-Being, • 2010

Happiness and Growth the World Over: Time Series Evidence on the Happiness- Income Paradox,”IZA

Easterlin, A Richard, Laura Angelescu

Similar Papers

Loading similar papers…