satisfaction of recipients, and appeared to be driven by social, household income, and economic satisfaction. Consistent with the … income shock on subjective well-being along previously unexplored dimensions. This permanent income shock is the introduction … the marginal utility of income varies – recipients who reported being less financially prepared for retirement exhibited …

European countries. Using the special module of the European Union Statistics on Income and Living Conditions micro-data on … importance of income vulnerability for the middle class is on a par with (or even greater than) economic factors such as severe … the lower income bound of the middle class (75% of the national median income) and not the poverty line (60% of the median …

income RD has a ‘’status effect’’— higher income of others in the reference group reduces life satisfaction. Both objective …Relative income deprivation is one mechanism through which income or wealth inequality is hypothesized to affect human … deprivation (RD) from income per se, to consider social relative deprivation as well as assets (nonmonetary) relative deprivation …

The answer is that people's evaluations of their income situation are based on different considerations when the …, evaluations tend to be dominated by "social comparison" - what is happening to the incomes of others. An increase in the incomes … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly …