Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the … probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the … study of whether the income effect depend on a person’s happiness. In this paper we pinpoint the shortcomings of standard …

children. A one standard deviation move in the child’s happiness has the same effect as a 45 percent move in household income …

general life satisfaction question, differs between youths living in intact and non-intact families, holding many other …

This paper investigates the relationship between income satisfaction of adult children and their relative economic … status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an …

a large and sustained rise in job satisfaction, even among groups who are likely to be using solo self-employment to …