Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the … study of whether the income effect depend on a person’s happiness. In this paper we pinpoint the shortcomings of standard …

attainment ; happiness ; German Socio-Economic Panel …

Subjective well-being is primarily treated as an outcome variable in the economic literature. However, is happiness … significant inverted U-shaped relationship exists between residual happiness and an unemployed individual's future reemployment … predicted by a number of socioeconomic and demographic characteristics. This paper is the first to show that happiness is mainly …