The distribution of personal income in a society depends strongly on the within-household distribution of income. Nevertheless, little is known about this phenomenon. I analyze the sharing of income among household partners from a welfare economic perspective. Measures of financial satisfaction...

Usually, it is expected that income increases life satisfaction. In recent years tough, research emerged that shows how subjective well-being, including satisfaction, influences objective measures, as for example income. This would then require explicit identification strategies for estimating...