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 …

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 …

Most methods for the analysis of distributional change rely on the changes in the income of a particular group of … standard against a richer group, thereby capturing a notion of change in relative income, which embodies the influence of … others' wellbeing on the judgment of the group's own situation. The indices, and related relative income change (RIC) curves …

the probability of a country escaping the middle income trap (MIT). A second contribution of this paper is to model this … probability using 1960–2015 cross-country data, focusing on the roles of income distribution or inequality and aging. It is found …; (2) relative to income distribution, aging is found to be much less important in terms of both magnitude and statistical …