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 …

The share of income held by the top 1 percent in many countries around the world has been rising persistently over the … last 30 years. But we continue to know little about how the rising top income shares affect human well-being. This study … combines the latest data to examine the relationship between top income share and different dimensions of subjective well …

This paper tests the empirical validity of Easterlin’s paradox, the absolute and relative income theorems which … the Easterlin Paradox and are concurrent across multiple measures of SWB – happiness and life satisfaction. The analysis … suggests richer countries have greater life satisfaction and are happier than poorer countries. Moreover, both SWB measures are …

This paper uses data from the World Values Survey to investigate how an individual's self-reported happiness is related … 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 …