-2004 shows that income has only a minor effect on positive subjective well-being but a large effect on negative well …

We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a … suggested by the theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks … is rather associated with a decline in happiness. -- incomplete markets ; happiness ; income persistence …

This paper empirically investigates the effects of changes in the interest rate as well as transitory income … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance …

Tanzania. Using cross-reports on asset holdings, we construct measures of misperception of income among all pairs of households … over-evaluation or under-evaluation of income in our data, although there is a slight over-evaluation on the part of …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

This paper presents detailed evidence about who compares to whom in terms of relative income. We rely on representative … survey data on the importance of income comparisons vis-á-vis seven reference groups, allowing us to exploit within …-subject heterogeneity. We explore the prevalence and determinants of positional income concerns, investigating the role of personality and …

While recently more and more research has focused on the aggregate response of consumption to income shocks, little is … known about how this response differs for households at different ends of the income distribution. This paper investigates … how consumption reacts to transitory and permanent shocks to disposable income for households with an income above or …

, we observe, that individual leisure activities depend strongly on income and education along with age and gender. Over … time, the influence of income also increases. In sum, it appears that differences in leisure are indeed still strongly …