We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model …

Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And … does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …

negative coefficient, suggesting that a good quality neighbourhood increases happiness with little loss due to negative …

Using specific panel data of German welfare benefit recipients, we investigate the non-pecuniary life satisfaction … makes people generally better off than being unemployed, but employed welfare recipients do not reach the life satisfaction …

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 …