This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution. …

We here consider the effect of the level of income that individuals consider to be fair for the job they do, which we … take as measure of comparison income, on both subjective well-being and objective future job quitting. In six waves of … German Socio-Economic Panel data, the extent to which own labour income is perceived to be unfair is significantly negatively …

The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly … Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives' and immigrants …' labour supply or bargaining power differ. Estimation of the curve for Spain indicates that the fall in unemployment since …

Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects …