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the process of economic growth. We consider two sources of heterogeneity among workers: nonwage income and innate ability …
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Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …
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Commodities do not only serve the purpose of satisfying direct needs in the production and con-sumption process. Some of them can also be used to display social status and to affect the position of an individual in society. This paper addresses the question under which circum-stances...
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