We evaluate progress in President's Johnson's War on Poverty. We do so relative to the scientifically arbitrary but … policy relevant 20 percent baseline poverty rate he established for 1963. No existing poverty measure fully captures poverty … reductions based on the standard that President Johnson set. To fill this gap, we develop a Full-income Poverty Measure with …

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to … poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life … satisfaction falls with both the incidence and intensity of contemporaneous poverty. We then reveal that there is little evidence …