The links between economic prosperity and subjective well-being was one of the first ones to be investigated, ever since the latter has been measured. For convenience and availability matters, income (what people earn) was mostly used at the individual level. It is only since recently that data...

Wealth is far from being a homogeneous and monolithic concept. Wealth can be positive or negative (e.g. assets versus debts), more or less accessible (e.g. bank accounts versus housing wealth), and more or less time-constrained (e.g. cars versus bonds and mutual funds). These different forms of...