We study happiness adaptation to income and poverty using an individual panel data on life satisfaction of 10046 … subjects living in China from 2010 to 2018. We find robust evidence of adaptation to both income and poverty. The adaptation to … poverty result is new to the literature, whereas adaptation to income at four-year length is in line with the previous …

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 … than unity, so that the gap between aspired and realized income increases with aspirations. From the estimation of this …

We examine the relationship between household income and happiness in Afghanistan and the moderating roles of fear of … income and happiness. Additionally, we find a negative association between fear of insecurity, experiencing violence, and …-affected areas, high-income individuals not only encounter the inherent dangers of their environment and the constant threat of …