of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly …, and the greater the shortfall, the less one's happiness. There is thus an asymmetry in the psychological roots of income … evaluations when income is rising vs. falling , and this causes a corresponding asymmetry in the response of happiness to the …

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …

activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income …

activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income …

We propose an extension of the standard occupational choice model to analyze the life satisfaction of senior … entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status … as main factors that shape the relationship between occupational status and life satisfaction. Senior entrepreneurs enjoy …

We propose an extension of the standard occupational choice model to analyze the life satisfaction of senior … entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status … as main factors that shape the relationship between occupational status and life satisfaction. Senior entrepreneurs enjoy …

A large empirical literature has debated the U-shaped happiness-age curve. This paper re-examines the relationship … in Europe and the United States. The happiness curve seems to be everywhere. …

Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … freedom of choice, low levels of democratization, unemployment, low income, etc. Second, considering people's adaptation to …

happiness, (ii) quantitatively, changes in relative income have much larger effects on happiness than do changes in absolute … income, and (iii) the effects on happiness of both absolute and relative income are small when compared to the effects …This paper uses data from the World Values Survey to investigate how an individual's self-reported happiness is related …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income … inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …