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We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 45,800 individuals living in Germany from 1992 to 2011 to show first that life satisfaction falls with both the incidence and intensity of...
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We consider the link between poverty and subjective well-being, and focus in particular on the role of time. We use panel data on 49,000 individuals living in Germany from 1992 to 2012 to uncover three empirical relationships. First, life satisfaction falls with both the incidence and intensity...
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While there is now something of a consensus in the literature on the economics of happiness that income comparisons to … others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income … regarding happiness analysis, and in particular with respect to the measurement of reference-group income. We here use data from …
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