Age, Biography and Wiki

Bernard van Praag was born on 28 February, 1939 in Amsterdam, Netherlands, is a Dutch economist. Discover Bernard van Praag's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 85 years old?

Popular As N/A
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Age 85 years old
Zodiac Sign Pisces
Born 28 February 1939
Birthday 28 February
Birthplace Amsterdam, Netherlands
Nationality Netherlands

We recommend you to check the complete list of Famous People born on 28 February. He is a member of famous economist with the age 85 years old group.

Bernard van Praag Height, Weight & Measurements

At 85 years old, Bernard van Praag height not available right now. We will update Bernard van Praag's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Bernard van Praag Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Bernard van Praag worth at the age of 85 years old? Bernard van Praag’s income source is mostly from being a successful economist. He is from Netherlands. We have estimated Bernard van Praag's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Source of Income economist

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Timeline

1895

He is the second son of Jonas Andries (1895-1969) and Henriette Emma van Praag (1901-?).

His family went into hiding during the World War II in the Netherlands and survived The Holocaust, although many family members perished in the extermination camps Auschwitz and Sobibor.

1934

He grew up in Bloemendaal and has one older brother, Herman Bernard Jonas (born 1934).

1939

Bernard Marinus Siegfried van Praag (Amsterdam, 28 February 1939) is a Dutch economist, and distinguished university professor at the University of Amsterdam, noted for researching the measurement of welfare, as well-being and happiness.

Bernard van Praag was born in 1939 into a Jewish family from Amsterdam, The Netherlands.

1968

He studied econometrics at the University of Amsterdam, where he received a Ph.D. degree cum laude in 1968.

Van Praag argued in his Ph.D. dissertation (1968) that utility of money (called by Van Praag the "individual welfare function of income", WFI) could be seen as a cardinal concept.

1969

Van Praag was appointed professor at the Free University of Brussels in 1969, then in 1970 associate professor at Erasmus University, Rotterdam, professor of economics at the University of Leiden (1972), professor at Erasmus University (1984), professor in "applied economic research" at the University of Amsterdam (1992), and managing director of the Foundation for Economic Research from 1992 to 2000.

1970

Based on this idea he devised a specific question module, the Income Evaluation Question (IEQ), intended to ask respondents which income level they would call "good", "sufficient", "bad", etc. The IEQ has been posed since 1970 to many thousands of respondents in large-scale surveys.

Van Praag estimated the WFI for thousands of individuals in most countries of Western Europe.

He discovered a preference drift (comparable to the hedonic treadmill), whereby the WFI of the individual depends on current income and shifts with rising income to the right.

Kapteyn and Van Praag discovered reference drift, which means that individual welfare depends on the income of the reference group members.

The analysis led to the estimation of subjective family equivalence scales and subjective definitions of poverty.

He carried out several large-scale poverty studies for the European Union.

Van Praag has also been active on econometric methodology, labour and health economics, conjoint or vignette analysis and the economics of ageing.

The Leyden School may be seen as a precursor of modern happiness economics by about twenty years.

In the words of Claudia Senik when reviewing Happiness Quantified:

Andrew Clark et al.

1972

During his Leyden period (1972–84), Van Praag initiated and acted as leader of the Leyden School project, his main co-authors being Arie Kapteyn and Aldi Hagenaars.

1988

In 1988-1992 he was a member of the (Dutch) Scientific Council for Government Policy, a prominent advisory body for the Dutch government on long term policy issues.

He was the responsible council member for their report "Ouderen voor Ouderen", which initiated the demographic discussion on the aging society in the Netherlands.

He has published in a wide range of journals, including the Review of Economics and Statistics, European Economic Review, Journal of Public Economics, Journal of Population Economics, Econometrica, Psychometrika, Journal of Econometrics, Journal of Applied Econometrics, Review of Income and Wealth, Journal of Human Resources, Journal of Economic Psychology, Journal of Health Economics, Health Economics, Journal of Economic Behavior and Organization, the Economic Journal, Journal of Happiness Studies, Journal of Income Distribution, and Journal of Economic Inequality.

1990

in their authoritative survey comparing Van Praag's work with the happiness papers from 1990 onwards write:

After a relative calm period, during which Van Praag was engaged in semi-commercial research, Van Praag resumed his academic research at the end of the 1990s.

He enriched his research by adopting the satisfaction question module used by modern happiness economists.

His main new results are the application of happiness economics with Barbara Baarsma to estimate shadow prices of airplane-noise hindrance near Amsterdam Airport, which method may be used for estimating The Shadow prices of other external effects as well and the development of a two-layer model with Frijters and Ferrer-i-Carbonell, where life satisfaction is seen as an aggregate of domain satisfactions.

1999

Van Praag is a Fellow Emeritus of the European Economic Association, member of the Royal Netherlands Academy of Arts and Sciences (Koninklijke Nederlandse Academie van Wetenschappen) since 1999, elected as a member of the International Statistical Institute, member of the Royal Dutch Society of Sciences (Koninklijke Hollandsche Maatschappij van Wetenschappen), Fellow of CESifo Munich, IZA Bonn, DIW Berlin, AIAS Amsterdam, Honorary Fellow and chairman–founder (1986) of the Tinbergen Institute.

2000

In 2000 he became distinguished university professor at the University of Amsterdam.

Van Praag was the founding president of the European Society for Population Economics (ESPE), and co-editor of the Journal for Population Economics and Journal of Health Economics.

He was a member of the Dutch Social Economic Council.

2004

He published in 2004 the comprehensive monograph Happiness Quantified, a Satisfaction Calculus Approach (with Ada Ferrer-i-Carbonell), which was revised in 2008 and translated into Chinese in 2010.

He is a regular contributor to the Dutch dailies NRC Handelsblad and de Volkskrant and the professional weekly Economisch-Statistische Berichten.

2012

He was mentioned in the top 5% of economics authors by Repec, as of September 2012.