This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with …

income. The effects on life-satisfaction are positive and significant for those under 45, consistent with Hirschman's (1973 … comparison income effect. In East Germany the reference income effects are insignificant for all. With data from the British …

We use personality traits to better understand the relationship between income and life satisfaction. Personality … traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … a simple model based on Prospect Theory, where we assume that: (i) life satisfaction is dependent on the gap between …

In this paper, I analyze intergenerational mobility of immigrants and natives in Germany. Using the German … Germany than in the U.S. However, as in the U.S., I find greater mobility among German natives than among immigrants. Moreover …, I investigate to what extent the lower mobility among immigrants in Germany is due to 'ethnic capital' as suggested by …

We measure the impact of individuals' looks on their life satisfaction or happiness. Using five data sets from the U ….S., Canada, the U.K., and Germany, we construct beauty measures in different ways that allow putting a lower bound on the true … about 0.10 standard deviations of additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide …