Case studies across the social sciences have established a positive relationship between social status and happiness. In observational data, however, identification challenges remain severe. This study exploits the fact that in India people are assigned a caste from birth. In data on 1000...

Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...

Active Labour Market Policies often exclusively target towards the long-term unemployed. Although it might be more efficient to intervene earlier in order to prevent long-term unemployment rather than to cure it, the climate of austerity in Eurozone countries is spreading a tendency to further...