income, relative income (i.e. how individual income compares to those of peers), individual health, and relative health … countries. In contrast, individual and relative income matter in some countries, such as the US, and not in others, for example … targeting income. …

We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …

Lang (2019). The classical OLS and ordered probit analysis of self-reported life satisfaction of employees from 32 European … show that the observed income effect on subjective well-being is much weaker for the happiness index than for life … satisfaction, especially when controlling for satisfaction of basic needs. Quantile regression analysis brings additional insights …