Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is … polarization effects of parental child care where compensation/substitution of time for parental child care versus income is … multidimensional polarization intensity information for the poor and the rich and disentangles the single time and income contribution …

We use personality traits to better understand the relationship between income and life satisfaction. Personality … traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … than unity, so that the gap between aspired and realized income increases with aspirations. From the estimation of this …

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …

We provide a new explanation for the stronger relationship between income and subjective well-being (SWB) found in … permanent and transitory income shocks. The model predicts that SWB is affected by unanticipated rather than anticipated income …, and is more influenced by permanent rather than transitory income shocks. We hypothesize that share of cross …