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 develop a theoretical framework that integrates four distinct channels through which others' income can affect … utility: public goods, cost of living, expectations of future income, and direct effects (relative income hypothesis and …-based median-income data for ZIP codes and MSAs. The relationship is proximity-dependent: positive (negative) with ZIP-code (MSA …

reference group is more important for her life satisfaction than the absolute level of her income. This dependence of life … satisfaction on relative income can be related to the reference dependence of the value function in Kahneman and Tversky's (1979 …, convexity for losses, and loss aversion apply to the dependence of life satisfaction on relative income. This is tested with a …

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 …

analysed by gender. Basic results are: health worsens, income declines and satisfaction is poorer with higher body mass index …Based on the German Socio-Economic Panel, the influence of the body mass index on health, earnings and satisfaction is …. Underweight women earn more and overweight less than others. For normal-weight men the income is on average higher than for over …

While there is mounting evidence that large income shocks, e.g. in the form of a job loss, may impact health and … mortality, little evidence exist on the potential relationship between sustained income volatility, keeping average lifetime … income constant, and health. This paper exploits rich survey data on the near-elderly in Canada paired with their …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … show that adolescents and young adults who report higher life satisfaction or positive affect grow up to earn significantly … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is …

examine the impact of the Great Recession on subjective well-being (as measured by life satisfaction) and attempt to identify … disparate effects by age. We find that those approaching retirement age (aged 55 to 64) experienced reduced life-satisfaction … after the recession, whereas younger working-aged adults did not. The disparate effects by age cannot be explained by income …

in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …