satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …: for a given number of years in poverty, satisfaction is lower when the years are linked together. As such, poverty …

income, demographics and social capital. The increase in social capital predicts the largest positive change in subjective … well-being. Income growth, also predicts a substantial change in subjective well-being, but it is compensated for about … three fourths by the joint negative predictions due to income comparison and income adaptation. Finally, we find that aging …

We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income … could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income … subjective well-being (SWB) data from the U.S. Gallup-Healthways Well-Being Index and geographically-based median-income data …

Society drifts apart in many dimensions. Economists focus on income of the poor and rich and the distribution of income … of multidimensional polarization we extend the income dimension by time, a pre-requisite and fundamental resource of any …) polarization compensation between time and income, parameters of a CES-type subjective well-being function, is evaluated …