in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …

by testing if more satisfied people live longer. Our results clearly confirm the importance of income, education and … marriage as important factors in determining longevity. For example, a one-log point increase in real household monthly income …

Using longitudinal income-tax registers, we study how past labour market outcomes affect current labour market … welfare/non-participation. Our main finding is that after longer periods of employment with high income, individuals …

Passive smoking is a major public health issue. This paper documents the main risk factors that determine children … of children drawn from the Health Survey for England, for whom we match parental and household smoking and demographic … characteristics. We also utilise an objective measure of children’s exposure, namely, the level of cotinine – a metabolite of nicotine …

Do parents invest more or less in their high ability children? We provide new evidence on this question by comparing … determinant of cognitive ability. We find that parents invest more in high ability children, with a one standard deviation …