In this paper we explore the association between family income and children’s cognitive ability (IQ and school … characteristics and home environments of low income children in accounting for different outcomes. Using rich cohort data from the UK … we find that poor children are disadvantaged at age 7 to 9 across the full spectrum of outcomes, the gradient being …

other individuals in the same personal, geographic or social networks, with the comparisons referring either to income or … other aspects of economic and social life. The existence of such comparison effects with respect to income may help to …

experience. Subjective assessments of financial well-being at time t, for individuals with a given income level, are compared … according to the income trajectory of the individual over the previous one to nine years. Descriptive statistics are followed by … scaling of satisfaction. The results show that year on year, individuals who have experienced a fall in income since the …

. Wealthier parents may have more advantaged children because they have more income to buy health care or because parental wealth …There is a growing literature that shows that higher family income is associated with better health for children … is associated with beneficial behaviours or because parental health is associated with both income and children¿s health …

Higher income is associated with greater well-being, but do income gains and losses impact on well-being differently … falls in income have a larger impact on well-being than equivalent income gains. The effect is not explained by the … diminishing returns to well-being of income. Our findings show that loss aversion applies to experienced losses, counteracting …

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 …