The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …

Do individuals care about their relative income? While this is a long-standing hypothesis, revealed-preference evidence … different income distributions, and as a result they “choose” their relative income. We conducted a field experiment with 1 … care about their relative income and that these preferences differ across single and non-single individuals …

income shocks. We document that unexpected income changes significantly impact an individual's life satisfaction, and the … magnitudes depend on the persistence of income shocks. We find that permanent income shocks substantially penetrate life … satisfaction, while transitory income shocks have minimal impact. We also find that life satisfaction regarding external factors …

This paper analyzes the relationship between income distribution and individual wellbeing levels based upon the … only the direct effects of the economic performance (measured by per capita income, human development index, and the …

The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …

The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …

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 …