Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and … well as debt, have differential effects on life satisfaction, (iii) both wealth levels and wealth holdings relative to …

SWB. In most cases, wealth is more important than income from the perspective of SWB. Theoretical and empirical reasons … since the latter has been measured. For convenience and availability matters, income (what people earn) was mostly used at … the individual level. It is only since recently that data about wealth (what people possess) is available and the links …