Economists are increasingly interested in subjective well-being, but the economic literature on perceptions of income adequacy, which is one of the factors that shapes subjective well-being, is small. Our paper fills this lacuna in the literature. We utilize nationally representative data on...

Using nationally representative panel data for 21,799 individuals between May 2018 and April 2020, this paper investigates whether the Covid-19 pandemic was indeed a "Great Leveler" in the sense that it imposed similar and equivalent labour market shocks on different caste groups. We find that...