Mentzakis, Emmanouil; Moro, Mirko - In: Journal of Behavioral and Experimental Economics … 38 (2009) 1, pp. 147-158
The relationship between income and subjective well-being (SWB) is investigated using eight waves of the British Household Panel Survey and an estimation strategy that allows us to relax some assumptions typically made in the literature. First, we use a random effects generalised ordered probit...