a version of the permanent income hypothesis in which durable spending is used to smooth consumption. We detect social …

that lottery spending does not substitute for other forms of gambling. Household consumption data suggest that household … lotteries primarily crowd out other forms of gambling, or do they crowd out non-gambling consumption? Second, does consumer … misinformed about the risks and returns of lottery gambles? Analyses of multiple sources of micro-level gambling data demonstrate …

life satisfaction that persist for over a decade and show no evidence of dissipating with time. The estimated treatment … evaluative measures of well-being than on affective ones. Follow-up analyses of domain-specific aspects of life satisfaction … clearly implicate financial life satisfaction as an important mediator for the long-run increase in overall life satisfaction …

their happiness, adjusted for numerous demographic and economic variables. Satisfaction among married individuals increases … most with additional time spent with spouse. Among singles, satisfaction decreases most as more time is spent alone …

relative marginal utilities not only for happiness and life satisfaction, but also for aspects related to family, health …