How well do individuals predict their future life satisfaction?
Over recent years a number of papers have used individual or household longitudinal survey data to investigate the rationality of income expectations. In this paper the authors provide a novel contribution to this literature by examining the ability of individuals to correctly predict their own future life satisfaction using longitudinal data for East Germans.
· APO [Centre for Economic Policy Research, Australian National University (PDF file)]
· A race to the bottom? [National Europe Centre, Australian National University]