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 …

This paper tests the empirical validity of Easterlin’s paradox, the absolute and relative income theorems which … positively correlated with increasing economic growth which goes hand in hand with higher income inequality though the economic …. At the individual level, non-linear relationships between income and SWB indicate that the role absolute income plays in …