We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...

This contribution analyses the presumption that subjective assessments of cognitive life satisfaction provide hardly any valid information about the respondent’s real quality of life, since subjective assessments are subject to short term context-events and the affective state of the...

Maximizers attempt to find the best solution in decision-making, while satisficers feel comfortable with a good enough solution. Recent results pointed out some critical aspects of this decision-making approach and some concerns about its measurement and dimensional structure. In addition to the...

Chronic pain is associated with significant costs to individuals directly affected by this condition, their families, the healthcare system, and the society as a whole. This paper investigates the relationship between chronic pain and life satisfaction using a sample of around 90,000...

Congruence between own values and those of one’s reference groups has been found to promote life satisfaction. Actual or anticipated support or sanctions from reference others presumably explains this effect. Does the effect extend to congruence with the values of others who are similar only...

This paper uses a novel identification strategy proposed by Lewbel (2012, J. Bus. Econ. Stat.) to illustrate how causation between job satisfaction and life satisfaction can be established with cross-sectional data. In addition to examining the relationship between composite job satisfaction and...

In this paper the author presents research findings that reveal the determinants of life and job satisfaction forRussian women. After giving birth, women have to pay much more attention to their family and child than totheir work, often either quitting their job or switching to part-time work....