The question of whether there is a connection between income and psychological well-being is a long-studied issue … show that adolescents and young adults who report higher life satisfaction or positive affect grow up to earn significantly … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is …

their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …-term unemployed people report a substantial increase in their life satisfaction when they retire. These results are robust to … including identity in the utility function, results from the empirical life satisfaction literature can be reconciled with the …

We use the differences between life satisfaction and emotional well-being of employed and unemployed persons to analyze …

higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …We explore the relationships between subjective well-being and income, as seen across individuals within a given … most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …

perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

satisfaction, though only for some time, whereas the impact of exogenously triggered job changes is ambiguous. Risk aversion … interacts negatively with this effect in life satisfaction. Analysing time-use data and well-being indicators for various areas … of life, we find evidence that involuntary job mobility turns out to be harmful for satisfaction with family life. By …