their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

income, demographics and social capital. The increase in social capital predicts the largest positive change in subjective … well-being. Income growth, also predicts a substantial change in subjective well-being, but it is compensated for about … three fourths by the joint negative predictions due to income comparison and income adaptation. Finally, we find that aging …

their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … show that adolescents and young adults who report higher life satisfaction or positive affect grow up to earn significantly … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is …

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …

-quality panel data from the German Socio-Economic Panel. We also contribute to the rapidly growing literature on life satisfaction … by testing if more satisfied people live longer. Our results clearly confirm the importance of income, education and … marriage as important factors in determining longevity. For example, a one-log point increase in real household monthly income …

This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution. …

Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses … the level of satisfaction with political and economic institutions and with the education and health systems, whereas the …