-employed (those whose parents were not self-employed) are more satisfied overall than are the second-generation self-employed. We … their parents, as well as parental transfers which loosen the self-employment participation constraint. This result is found …

We study the effects of admission into elite public high schools in Mexico City on students' expected earnings, arguing …-based allocation of students into schools and an adapted regression discontinuity design strategy, we find that admission substantially … increases learning achievement, and also the future earnings and returns students expect from a college education, but no effect …

There is now a great deal of micro-econometric evidence, both cross-section and panel, showing that income is … measures of utility, and resolve the Easterlin paradox by appealing to income comparisons: these can be to others (social …

This research tested the idea that lack of material resources (e.g., low income) causes people to make harsher moral … behavior. Consistent with this idea, a large cross-cultural survey (Study 1) found that both chronic (low income) and … stronger for low-income individuals, whom inflation renders relatively more vulnerable. A follow-up experiment (Study 2) caused …

We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on self-assessed overall health, but a significant positive effect …

This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of … available international evidence pertaining to the relationship between income growth and subjective well-being. Conforming to … the Easterlin paradox, higher income always correlates with higher happiness, except in one case: whether national income …