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Reported happiness, fast and slow

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  • Raphael Studer
  • Rainer Winkelmann

Abstract

In this paper, we test how reporting behaviors (response time, cognitive effort, questionnaire order) affect reported happiness in a large Dutch internet panel survey. We find that slower responses and higher cognitive effort reduce reported happiness. Moreover, in multivariate happiness equations, these factors moderate the estimated effect of income on happiness, while no interaction effects are found for other determinants of happiness. As a consequence, relative marginal effects may not be invariant to reporting circumstances.

Suggested Citation

  • Raphael Studer & Rainer Winkelmann, 2012. "Reported happiness, fast and slow," ECON - Working Papers 080, Department of Economics - University of Zurich.
  • Handle: RePEc:zur:econwp:080
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    References listed on IDEAS

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    1. Boyce, Christopher J. & Wood, Alex M., 2011. "Personality and the marginal utility of income: Personality interacts with increases in household income to determine life satisfaction," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 183-191.
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    4. Boyce, Christopher J. & Wood, Alex M., 2011. "Personality and the marginal utility of income: Personality interacts with increases in household income to determine life satisfaction," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 183-191, April.
    5. Julia Dietrich & Konrad Schnabel & Tuulia Ortner & Alice Eagly & Rocio Garcia-Retamero & Lea Kröger & Elke Holst, 2013. "Internalized Gender Stereotypes Vary across Socioeconomic Indicators," SOEPpapers on Multidisciplinary Panel Data Research 558, DIW Berlin, The German Socio-Economic Panel (SOEP).
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    9. Oswald, Andrew J. & Wu, Stephen, 2010. "Objective Confirmation of Subjective Measures of Human Well-being: Evidence from the USA," IZA Discussion Papers 4695, Institute for the Study of Labor (IZA).
    10. Papke, Leslie E & Wooldridge, Jeffrey M, 1996. "Econometric Methods for Fractional Response Variables with an Application to 401(K) Plan Participation Rates," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(6), pages 619-632, Nov.-Dec..
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    Cited by:

    1. Rainer Winkelmann & Raphael Studer, 2017. "Econometric Analysis of Ratings - with an Application to Health and Wellbeing," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 153(I), pages 1-13, March.
    2. Rubinstein, Ariel, 2012. "Response Time and Decision Making: A “Free” Experimental Study," Foerder Institute for Economic Research Working Papers 275782, Tel-Aviv University > Foerder Institute for Economic Research.
    3. Tineke Jonge & Ruut Veenhoven & Lidia Arends, 2014. "Homogenizing Responses to Different Survey Questions on the Same Topic: Proposal of a Scale Homogenization Method Using a Reference Distribution," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 117(1), pages 275-300, May.
    4. repec:spr:sjecst:v:153:y:2017:i:1:d:10.1007_bf03399432 is not listed on IDEAS

    More about this item

    Keywords

    Reporting function; happiness; mood;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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