In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …

life are quantified in a multidimensional approach of poverty and wealth: Individual income, current health, occupational … supposed. Major findings: An initial rise in life satisfaction can improve income and health, but not job autonomy. However …

We discuss and compare fi…ve measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …