When money fell from the sky : Investigating the impact of exogenous income increase on life satisfaction in East Germany.

In this paper, we use the instrument variable (IV) method with a two-stage least squares (2SLS) estimator to explore the impact of exogenous income changes on happiness. Our study is based on the German post-reunification period from 1991 to 1995, when East German income levels, by no means of produ...

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Bibliographic Details
Main Authors: Quek, Adeline Su Yee., Toh, Wen Qiang., Yeo, Fiona Hui Juan.
Other Authors: School of Humanities and Social Sciences
Format: Final Year Project
Language:English
Published: 2011
Subjects:
Online Access:http://hdl.handle.net/10356/44236
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Institution: Nanyang Technological University
Language: English