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How much does money really matter? Estimating the causal effects of income on happiness

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  • Nattavudh Powdthavee

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  • Nattavudh Powdthavee, 2010. "How much does money really matter? Estimating the causal effects of income on happiness," Empirical Economics, Springer, vol. 39(1), pages 77-92, August.
  • Handle: RePEc:spr:empeco:v:39:y:2010:i:1:p:77-92
    DOI: 10.1007/s00181-009-0295-5
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    16. Paul Frijters & John P. Haisken-DeNew & Michael A. Shields, 2004. "Money Does Matter! Evidence from Increasing Real Income and Life Satisfaction in East Germany Following Reunification," American Economic Review, American Economic Association, vol. 94(3), pages 730-740, June.
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    More about this item

    Keywords

    Income; Life satisfaction; Instrumental variables; Longitudinal; Happiness; Cost-benefit analysis; C33; I0;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • I0 - Health, Education, and Welfare - - General

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