. Using a novel dataset from the emerging economy of Kazakhstan we find that internal migrants earn an income and status …

indeed strongly associated with the household per-capita income and expenditure and with various triangulating measures of …

The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …

how this income dynamic affects mental health. Using data on all Swedish couples who married in 2001, I show that mental … health is positively associated with own and spousal income. However, it is negatively linked to the wife's relative income … cent. This effect does not appear driven by divorce or spouses being on different income trajectories. …

The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …

The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …

In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …

half decades (1990-2014). We considered three main pillars of welfare - health, income & consumption, education - and we …