The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …

Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …

Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …

Usually, it is expected that income increases life satisfaction. In recent years tough, research emerged that shows how … subjective well-being, including satisfaction, influences objective measures, as for example income. This would then require … explicit identification strategies for estimating effects of income on life satisfaction. I address this issue using German …