persistence between parents and children's outcomes has been an active area of research. However, since Gary Solon's 1999 Chapter …

We study "habituation" to income and to status using individual panel data on the happiness of 7,812 people living in … Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" defined over several lags of income and status and … compare the long run effects. We can (cannot) reject the hypothesis of no adaptation to income (status) during the four years …

, and credit records, to identify the effects of increased student borrowing on credit-constrained students' educational …

We test for whether, once "basic needs" are satisfied, there is happiness adaptation to further gains in income using … of European countries from 1975-2002, shows different patterns of adaptation to income across the rich and poor. We find … evidence that for wealthy Germans, and for the rich half of European nations, higher levels of per capita income don't buy …

of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by …