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 …

and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …

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 …

imperfectly identified. We quantify the relative statistical impact of income, unemployment, house prices, credit scores, debt … needs to allow for multiple determinants of consumption. Unemployment, income, and debt are important determinants of …

In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the … empirical association between income and life satisfaction is approximately log-linear. I show that the solution is … achievements, and (iii) not at all (ordinary preferences). This finding suggests that the observed slope of the income - life …

We reassess the empirical effects of income and employment on self-reported well-being. Our analysis makes use of a two … theory of incomplete markets, we differentiate between the effects of persistent and transitory income shocks. In line with …

analyze the determinants of private saving in both country groups. Main results are: saving rates are persistent; income … substitutes. Long-run effects of income growth and public saving are larger in the EU than in the candidate countries, indicating …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …