We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …

We use personality traits to better understand the relationship between income and life satisfaction. Personality … traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … a simple model based on Prospect Theory, where we assume that: (i) life satisfaction is dependent on the gap between …

Usually, it is expected that income increases life satisfaction. In recent years tough, research emerged that shows how … subjective well-being, including satisfaction, influences objective measures, as for example income. This would then require … explicit identification strategies for estimating effects of income on life satisfaction. I address this issue using German …

The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …

Due to the pandemic-induced economic crisis, self-employed individuals are currently suering considerable income losses …. The self-employed and the members in their households usually form an economic unit. As a consequence, the income cuts not …) to calculate how much income the selfemployed are able to sacrice to achieve a subjective barely sucient household income …