This paper aims to untangle the relationship between income and subjective well-being. To accomplish this, we investigate how subjective well-being is affected by two financially-related determinants that have not been investigated before or scarcely so. Specifically, we research the impact on...

The relationship between work hours and subjective well being is marked by contradictory findings, thereby implying that it is far from being completely understood. A study of moderator effects can help explain variations in results across studies and, thus, overcome inconsistencies in past...

In an overlapping generations economy, lenders fund risky investment projects of firms by drawing up loan contracts in the presence of an informational asymmetry. An optimal contract entails the issue of only debt, only equity, or a mix of the two. The equilibrium choice of contract depends on...