activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income … ; unemployment ; marriage ; divorce ; health ; religion ; policy …

activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income … ; unemployment ; marriage ; divorce ; health ; religion ; policy …

in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …

entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status … their higher income. Physical and mental health play a crucial role in determining both an individual's occupational status … elderly individuals. However, when controlling for health, retirees exhibit an even higher level of life satisfaction compared …

entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status … their higher income. Physical and mental health play a crucial role in determining both an individual's occupational status … elderly individuals. However, when controlling for health, retirees exhibit an even higher level of life satisfaction compared …

entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status … their higher income. Physical and mental health play a crucial role in determining both an individual's occupational status … elderly individuals. However, when controlling for health, retirees exhibit an even higher level of life satisfaction compared …

to (i) the level of her income in absolute terms, and (ii) the level of her income relative to other people in her … country. The main findings are that (i) both absolute and relative income are positively and significantly correlated with … happiness, (ii) quantitatively, changes in relative income have much larger effects on happiness than do changes in absolute …

The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …