We study "habituation" to income and to status using individual panel data on the happiness of 7,812 people living in … Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" defined over several lags of income and status and … compare the long run effects. We can (cannot) reject the hypothesis of no adaptation to income (status) during the four years …

analysis reveals some striking similarities in the qualitative effects of children across countries, but also sharp differences …

throughout their lives, parents' initial skills and skill growth rates are equally important determinants of children's skills … lower for children born to younger fathers … transmission of these factors explains up to 40% of children's skill variation. Skills become a more important determinant of …