Headey, Bruce; Wooden, Mark - Institute for the Study of Labor (IZA) - 2004
The accepted view among psychologists and economists alike is that household income has statistically significant but … only small effects on measures of subjective well-being. Income, however, is clearly an imperfect measure of the economic … circumstances of households. Using data drawn from the 2001 and 2002 waves of the Household, Income and Labour Dynamics in Australia …