This paper evaluates the importance of middle class vulnerability to poverty for subjective well-being (happiness) in … well-being and national aggregates from the World Happiness Report, the vulnerability indicator used is shown to be … statistically significant for happiness perceptions at both the individual and aggregate levels. At the micro level, the economic …

Although there is a growing interest in subjective well-being (SWB) and its determinants, the extent of socioeconomic … inequalities in SWB has not yet been analyzed. This study assesses socioeconomic inequalities in SWB in twelve European countries … inequalities in SWB, with SWB being concentrated among individuals with higher socioeconomic status. Of the countries studied, the …

happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main … income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with … that the income of the reference group is about as important as own income for individual happiness, that individuals are …

satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …: for a given number of years in poverty, satisfaction is lower when the years are linked together. As such, poverty …

welfare transfers on life satisfaction and of the cross-level interactions of the welfare transfer variables and household … income on life satisfaction. The results of this study indicate that (1) transfer share is positively associated with life … satisfaction and (2) lowincome targeting shortens the well-being inequality stemming from income but at the cost of life …