We consider renegotiation of social earnings insurance arrangements by majority voting in an economy where ex … a higher expected level of investment in comparison to the case where social insurance is determined by an appointed …

diseconomies of scale at firm level and economies of scale at branch level in Finnish non-life insurance, as predicted by the model. …

. However, they are willing to sacrifice much ef¬ficiency for greater personal control over household income. Intriguingly, even … when spouses' control over household income is exogenously assigned, inefficiency persists: As a wife's assigned share … increases, husbands undercut their own income to reduce hers. This self-destructive and spiteful behavior is best explained by …

Determining the relation between life satisfaction and aggregate income at country level has been problematic, because … individual life satisfaction and GDP. An almost identical result is found when the relationship between aggregate income of … discuss possible explanations of the hump shaped pattern linked to external effects of the aggregate income on life …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … measured; we exploit the availability of sibling clusters to introduce family fixed-effects; we account for the human capacity …