This paper examines the nexus of income and multidimensional life satisfaction (LS) in the oil- and gas-rich Belait … 11 domains-of-life satisfaction into three uncorrelated LS spheres-LS with materialist life (job, stress, and income); LS …, neighborhood facility, feeling safe at home, and quality of living environment)—we discover the following. First, positive income …

satisfaction falls with both the incidence and intensity of contemporaneous poverty. Second, poverty scars: those who have been … poor in the past report lower life satisfaction today, even when out of poverty. Last, the order of poverty spells matters …: for a given number of years in poverty, satisfaction is lower when the years are linked together. As such, poverty …

suggest that close to 90% of the respondents actually seek to maximize their SWB. The life satisfaction question appears the … best contender as the "maximand" in the contest, before the ladder‐of‐life question and felt happiness. Among the other …

age of 30 and who have higher income. We also provide evidence of a positive selection into parenthood, whereby happier …