/methodology/approach – The paper uses information on annual personal income for the period 1926-1999 to present empirical evidence about the …

We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if … one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel … do not find evidence that leaving working hours out of the analysis leads to an underestimation of the income effect. …

numbers are more accurate, existing WDI and PWT data are noted to substantially understate intercountry income inequality … intercountry income inequality by WDI and PWT data should be noteworthy. Fourth, although authors of WDI and PWT will probably …