Proto, Eugenio; Rustichini, Aldo - Institute for the Study of Labor (IZA) - 2015
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 … punishment, is strong in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism increases the …