Microcredit has long been hailed as a powerful tool to promote livelihoods and reduce poverty through entrepreneurship. However, its impacts on people's subjective well-being remain underexplored. We present a unified theoretical framework for analyzing the effect of microcredit-enabled...

Despite growing academic and policy interest in the subjective well-being consequences of emigration for those left behind, existing studies have focused on single origin countries or specific world regions. Our study is the first to offer a global perspective on the well-being consequences of...

The 2004 European Union enlargement resulted in an unprecedented wave of 1.5 million workers relocating from Eastern Europe to the UK. We study how this migrant inflow affected life satisfaction of native residents in England and Wales. Combining the British Household Panel Survey with the Local...