their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being.In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

The possible non linearity of the income elasticity of child labour has been at the centre of the debate regarding both … novel results. From a theoretical point of view, for any given transfer size, there is a critical level of household income … below which an increase in income has no impact on child labour and education. We estimate the causal impact of an increase …

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use … panel data on family income, and an index of investments in children in time and goods, from the Children of the National … partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is …

We test whether an environment of poverty affects time preferences through purely psychological channels. We measured … the role of economic constraints, we experimentally induced thoughts about poverty-related problems, using priming … techniques. We find that thinking about poverty increases the preference to consume entertainment early and to delay work. Using …