Overall, children in Germany live in households with below average incomes; therefore social policies that address the vulnerable position of Germany’s children are necessary. These policies should cover targeted financial transfers as well as improvements in day care provision for children....

Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...