Prinz, Aloys; Bünger, Björn - 2011 - April 2011 (revised version of "Living in a material world: Happy Income and Happy Life Years")
In this paper, Happy Income is introduced as an indicator of physical and socio-psychic wellbeing. It is constructed on the assumption that socio-economic well-being is based on objective circumstances, such as personal income as well as on a subjective evaluation of life. In combining these...