We use novel nonparametric techniques to test for the presence of nonclassical measurement error in reported life satisfaction (LS) and study potential effects from ignoring it. Our dataset comes Wave 3 UK Understanding Society that is surveyed 35,000 British households. finds evidence LS entire as well 26 out 32 socioeconomic subgroups sample. estimate joint distribution latent nonparametrical...

Time and money are scarce and precious resources: people experience stress about having insufficient time, and worry about having insufficient money. This chapter reviews research showing that the ways in which people spend their time and money, the tradeoffs that people make between having more time or having more money, and the extent to which people focus on each resource can have a signific...

Progress could in principle be measured through the change over time of average scores of subjective well-being. However, the existing longitudinal data show little improvement. These survey results are intrinsically insensitive to developments over time, because SWB is typically evaluated relative to proximate, and therefore salient, reference points, such as peers or expectations based on rec...

Diener (2000) proposed that National Accounts of Well-Being be created to complement existing economic and social indicators that reflect the quality of life in nations. These national accounts can provide valuable information to policymakers and other leaders. Systematic measurement of subjective well-being provides novel information about the quality of life in societies, and it allows for th...

The subjective well-being concerns peoples' self-reported assessment of their own wellbeing, namely both health and quality of life (1, 2). It is an issue of concern for university students (3, 4). The aim of the current study was to examine the level of subjective wellbeing among students in maritime business administration departments followed in university. We have performed this descriptive...

Increasing attention is being paid in academic, policy, and public arenas to subjective measures of well-being. This promising trend represents a shift towards measuring positive outcomes in psychology and greater realism in the study of economic behaviour. We describe the main measures of subjective well-being (SWB) and provide examples of policy-relevant research findings, including new accou...