This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution. …

We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …

activities, rendering conclusions regarding well-being policy less straightforward. -- Comparison ; habituation ; income …

activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income …

. The individual's rank in the income distribution is a stronger determinant of effort than others' average income …This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift …: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given …