Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation … per capita and life satisfaction in either country (controlling for a variety of variables). Together with the evidence …

Subjective well-being (SWB) is generally argued to rise with relative income. However, direct evidence is scarce on … whether and how intensively individuals undertake income comparisons, to whom they relate, and what they perceive their … relative income to be. In this paper, novel data with direct information on income comparison intensity and perceived relative …

subjective equivalence scales using "life satisfaction" as a proxy variable for "utility". The cross-sectional scale estimates …

We reassess the empirical effects of income and employment on self-reported well-being. Our analysis makes use of a two …-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the … theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks. In line with …

theory predicts that individuals migrate towards urban agglomerations, if the potential gain in income is sufficient to cover …