Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and … well as debt, have differential effects on life satisfaction, (iii) both wealth levels and wealth holdings relative to …

disposable income and a gain of leisure time - and the psychological (and cultural) notion of the lonely, sad empty nester. This … conflict is an empirical question and here it is resolved via an assessment of the change in life satisfaction that is reported … goes on to do: The found reduced life satisfaction seems to be wholly moderated if the last child leaves the nest for the …

. -- Happiness ; life satisfaction ; income ; disutility of labor …We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel …