countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …

2000s, which allowed for only moderately increasing consumption inequality, despite sharply rising income inequality. We … combine survey data on household consumption with our own representative survey on the visibility and status relevance of … that non-rich households shift their income allocations towards more visible and status relevant areas of consumption when …

The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts …

The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts …