The ongoing debate on the purpose of ‘development’ has given rise to many new studies on happiness and quality of life situated in both developed and developing countries. Recent insights from this field include the suggestions that ever-increasing incomes do not always increase happiness,...

In the last decade, a number of experiments have stated that spending money on experiences rather than on material goods tends to make people happier. However, the experimental designs used to analyze the relationship between consumption and subjective well-being had several limitations: small...

This paper studies whether pro-environmental consumption choices are consistent with utility maximization and what role the consumption behavior of reference persons and one's own past behavior play in this context. By combining data on individuals' pro-environmental consumption from a unique...