reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …

in the transition countries that joined the European Union in 2004 than in the other, lower-income transition economies. …

We explore the adoption data approach to estimating causal effects of parental education and income on the same … mother?s or father?s education raises children?s education by about 0.1 year. Our estimated income elasticities are around 0.1. …

with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany … countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …

A vast literature has established a strong positive association of income with health status and a negative association … with mortality. This paper studies the effects of income on health and mortality, using only the part of income variation … that is due to a truly exogenous factor: the monetary lottery prizes of individuals. The findings are that higher income …

, for the intergenerational association in education and income. We find that both pre- and post-birth factors contribute to …'s income. We also find some evidence for a positive interaction effect between post-birth environment and pre-birth factors. …

employment status prior to entering self-employment. As performance measures we use income from self-employment, number of …. For both men and women those who enter from unemployment or inactivity are less successful in terms of income and the …

ongoing discussion of the relationship between life satisfaction and income. The panel property of the data makes it possible … to study also the impact on satisfaction from income changes as well as the impact from acceleration in income and … the survey to the next. We find a strong impact from the level of income in all countries, an impact from change and …

We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …