Society drifts apart in many dimensions. Economists focus on income of the poor and rich and the distribution of income … of multidimensional polarization we extend the income dimension by time, a pre-requisite and fundamental resource of any … polarization we allow compensation between time and income, parameters of a CES-type subjective well-being function, where a …

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 …

show that the observed income effect on subjective well-being is much weaker for the happiness index than for life … (3) the relationship between income and the happiness index is weak and stable over the whole distribution when basic … Lang (2019). The classical OLS and ordered probit analysis of self-reported life satisfaction of employees from 32 European …

We study happiness adaptation to income and poverty using an individual panel data on life satisfaction of 10046 … subjects living in China from 2010 to 2018. We find robust evidence of adaptation to both income and poverty. The adaptation to … poverty result is new to the literature, whereas adaptation to income at four-year length is in line with the previous …

Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …

Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …

variations in the underlying income type substantially affect tests of the relationship between life satisfaction, income rank …Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests …, reference income, and income adaptation. Models simultaneously controlling for income and income rank as well as models with a …

variations in the underlying income type substantially affect tests of the relationship between life satisfaction, income rank …Theory suggests that subjective well-being is affected by income comparisons and adaptation to income. Empirical tests …, reference income, and income adaptation. Models simultaneously controlling for income and income rank as well as models with a …