We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to … poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life … satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …

Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing … disturbing long-run effect of recessions: young people who leave school in the midst of recessions are significantly more likely …

recessions. It follows that recessions exacerbate existing racial inequalities. …

In this paper we explore the association between family income and children’s cognitive ability (IQ and school … characteristics and home environments of low income children in accounting for different outcomes. Using rich cohort data from the UK … psychological functioning. We also find some some aspects of the environment of higher income households hinder child development …

other individuals in the same personal, geographic or social networks, with the comparisons referring either to income or … other aspects of economic and social life. The existence of such comparison effects with respect to income may help to …

experience. Subjective assessments of financial well-being at time t, for individuals with a given income level, are compared … according to the income trajectory of the individual over the previous one to nine years. Descriptive statistics are followed by … scaling of satisfaction. The results show that year on year, individuals who have experienced a fall in income since the …

There is a growing literature that shows that higher family income is associated with better health for children …. Wealthier parents may have more advantaged children because they have more income to buy health care or because parental wealth … is associated with beneficial behaviours or because parental health is associated with both income and children¿s health …

Higher income is associated with greater well-being, but do income gains and losses impact on well-being differently … falls in income have a larger impact on well-being than equivalent income gains. The effect is not explained by the … diminishing returns to well-being of income. Our findings show that loss aversion applies to experienced losses, counteracting …