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 …

-2004 shows that income has only a minor effect on positive subjective well-being but a large effect on negative well …-being. -- generalized ordered probit model ; marginal probability effects ; random and fixed effects ; life-satisfaction …

Economics rests upon a set of presumptions about how human beings are affected by income. Yet causal evidence is scant … tradition of economics, human beings may weight differently the different kinds of income that accrue to them. If so, it is not … sufficient to describe utility by a function u(y), and it is not true that ‘a dollar is a dollar’. -- well-being ; lottery income …

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 …

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

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