half decades (1990-2014). We considered three main pillars of welfare - health, income & consumption, education - and we …

The answer is that people's evaluations of their income situation are based on different considerations when the … of others undercuts the tendency for happiness to grow with an increase in one's own income, and happiness remains fairly … for income evaluations turns inward. "Financial hardship", the shortfall from one's own previous peak income, takes over …

The present study investigates the role of proximity in shaping social income static and dynamic comparisons and their …-2017), the study examines how individuals compare their income trajectories with those of their peers, considering varying … significant income gap with richer individuals. However, when dynamic comparisons are introduced, individuals experience an …

happiness research is able to contribute important insights for economics. We report how the economic variables income …

income effect differing between richer and poor individuals. The analysis uses a self-reported measure of satisfaction with …This paper presents an empirical analysis of the importance of 'comparison income' for individual well-being or … happiness. In other words, the influence of the income of a reference group on individual well-being is examined. The main …

satisfaction with their actual life satisfaction five years later on. This overoptimism also holds for those entrepreneurs who … reflected in higher working hours than desired and the drop in leisure satisfaction. …

that the correlation between income and satisfaction is greater for the lower-income group (the Roma) than for the higher-income … well-being associated with a marginal increase in income is larger for poorer than for richer populations. This hypothesis … group (majority population). Further, the correlation between income and emotional well-being does not differ between the …

-national income comparisons matter for subjective wellbeing, and testing whether these effects differ by settlement-type as well as by …. For all country-settlement types, we confirm the importance also of inter-national income comparisons in determining … show that once we control for personal characteristics and income-related factors, we cannot reject the presence of a …

have a strongly depressing effect on happiness. Income only significantly raises happiness for higher income groups …