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 …

This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using … novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find … for other reference groups, such as neighbours. Work-related income comparisons are mostly upwards and there is a strong …

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 …

We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … reference effects in the determination of income satisfaction. We show that this adjustment helps to overcome a bias causing an … previous studies applying this approach by taking reference income into account. This allows separating needs-based from …

neuroticism. -- income ; life satisfaction ; positive affect …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 …

Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in … about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear …

. Micro-econometric life satisfaction functions are estimated taking into account environmental conditions along with income … individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction …-being research in economics and takes measures of reported life satisfaction as an empirical approximation to individual welfare …