satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income … income equivalent for various diseases. This method uses answers to well-being and health satisfaction questions as posed in … health status. The paper presents estimates of the equivalent income change that would be necessary to change general …

Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the … study of whether the income effect depend on a person’s happiness. In this paper we pinpoint the shortcomings of standard … probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the …