How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well …-being on health use identification strategies involving income increases; these studies as well as prior research on stock … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation …

their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

racial gaps such as those in income, employment, and education. Much of the current racial gap in well]being can be explained …

Many scholars have argued that once “basic needs” have been met, higher income is no longer associated with higher in … about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear …

happiness research is able to contribute important insights for economics. We report how the economic variables income …

approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach …

higher income level raises happiness, however, only to a small extent. …