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Money and mental wellbeing : a longitudinal study of medium-sized lottery wins

Gardner, Jonathan (contributor); … - 2006

measured improvement in mental wellbeing is 1.4 GHQ points. -- psychological health ; happiness ; GHQ ; income …

Persistent link: https://www.econbiz.de/10003355562

Accounting for Homeownership in Estimating Real Income Growth

Braga, Breno - 2018

Have real median incomes in the U.S. stagnated or achieved modest growth? Answers often vary depending on the price index one uses. Several researchers have argued that the Consumer Price Index (CPI) overstates inflation and understates real income growth. The CPI's approach to estimating...

Persistent link: https://www.econbiz.de/10012909691

Life satisfaction and relative income: perceptions and evidence

Mayraz, Guy; Wagner, Gert G.; Schupp, Jürgen - 2009

to neighbours has a negative coefficient, implying that living in a high-income neighbourhood increases happiness. The …

Persistent link: https://www.econbiz.de/10010271342

Happy people have children : choice and self-selection into parenthood

Cetre, Sophie; Clark, Andrew E.; Senik-Leygonie, Claudia - 2016

There is mixed evidence in the existing literature on whether children are associated with greater subjective well-being, with the correlation depending on which countries and populations are considered. We here provide a systematic analysis of this question based on three different datasets:...

Persistent link: https://www.econbiz.de/10011457380

Paradox lost?

Easterlin, Richard A. - 2016

happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a … happiness. For some countries their estimated growth rates of happiness and GDP are not trend rates, but those observed in … cyclical expansion or contraction. Mixing these short-term with long-term growth rates shifts a happiness-GDP regression from a …

Persistent link: https://www.econbiz.de/10011450390

Local neighbors as positives, regional neighbors as negatives : competing channels in the relationship between others' income, health, and happiness

Ifcher, John; Zarghamee, Homa; Graham, Carol - 2016

We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income hypothesis (RIH) and altruism). The relationship is...

Persistent link: https://www.econbiz.de/10011476321

Income effects on children's life satisfaction : longitudinal evidence for England

Knies, Gundi - 2017

Using longitudinal data for children aged 10-15 years living in England in 2009-2014 we test the hypothesis that income matters for children’s life satisfaction. The results suggest that children are more satisfied with life the more income their family has. Income effects are larger the less...

Persistent link: https://www.econbiz.de/10011621542

Does relative income matter? : are the critics right?

Layard, Peter R. G.; Mayraz, Guy; Nickell, Stephen J. - 2009

Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And … does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …

Persistent link: https://www.econbiz.de/10011635703

Relative income and happiness : an Experiment

Ifcher, John; Zarghamee, Homa S.; Houser, Daniel; Diaz, Lina - 2018

John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...

Persistent link: https://www.econbiz.de/10011902869

Different versions of the Easterlin Paradox : new evidence for European countries

Kaiser, Caspar F.; Vendrik, Maarten C. - 2018

Richer people are happier than poorer people, but when a country becomes richer over time, its people do not become happier. This seemingly contradictory pair of findings of Richard Easterlin has be-come famous as the Easterlin Paradox. However, it was met with counterevidence. To shed more...

Persistent link: https://www.econbiz.de/10011951423