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 …

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 … income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to …

) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …-we observe more heterogeneity than expected and also stickiness at the lowest income levels. Response delays in post …