relative income variables, not absolute income. …

relative income variables, not absolute income. …

We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i ….e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has … only studied the impact of nominal income. We use a novel data set comprising about 7 million data points that are used to …

We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i ….e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has … only studied the impact of nominal income. We use a novel data set comprising about 7 million data points that are used to …

We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …

We discuss and compare fi…ve measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …

significant effect on SWB. Satisfaction with family life and health have the largest while satisfaction with income has the lowest …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …