96 words Text (including References, Tables and Appendices): 13,216 words JEL classifications: I12, I31, I20, I18

Money doesn’t seem to make us happy for reasons of social comparison and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation are actually found in a variety of economic and social activities, rendering policy conclusions more difficult. JEL Classification Codes: D01, D31, H00, ...

Based on Lewbel, Chiappori and Browning (2002), this paper summarizes how the use of collective models of household behavior can overcome the identiÞcation problems associated with the construction and estimation of adult equivalence scales. JEL codes: K1, D1, J17, C30, I31.

This paper investigates immigrant assortative mating and relationship satisfaction. Using a modifi ed random eff ects ordered probit model, the paper demonstrates that spouses of mixed couples are signifi cantly less satisfi ed with their partner than nativeonly and foreign-only couples. JEL Classifi cation: F22, I31

A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under utilitarianism is equality of incomes. JEL classification: H0, I0, I30, I31

We characterize a family of r-extended generalized Lorenz dominance quasi-orderings and a family of r-Gini welfare orderings, on the basis of two allegedly “incompatible” axioms for heterogeneous welfare comparisons (Ebert, 1997, Ebert and Moyes, 2003, Shorrocks, 1995), but at the cost of either completeness or separability. JEL classification: D31, D63, I31.

This paper investigates immigrant assortative mating and relationship satisfaction. Using a modifi ed random eff ects ordered probit model, the paper demonstrates that spouses of mixed couples are signifi cantly less satisfi ed with their partner than nativeonly and foreign-only couples. JEL Classifi cation: F22, I31

Employment may be important to well-being for reasons beyond its role as an income source. This paper presents a causal estimate of the psychosocial value employment in refugee camps Bangladesh. We involve 745 individuals field experiment with three arms: control arm, weekly cash and arm equal value. raises substantially more than alone, 66 percent employed are willing forgo payments continue w...

Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the reasons for this instability. I examine whether variation in people's emotions over time predicts changes risk attitudes. Using a large-panel dataset, identify happiness, anger, and fear as significant correlates of within-person Robustness checks indicate limited role alternat...

We study the impact of group-based cognitive behavioral therapy (CBT ) for individuals selected from general population poor households in rural Ghana (N = 7,227). Results one to three months after program show strong impacts on mental and perceived physical health, socioemotional skills, economic self-perceptions. These effects hold regardless baseline distress. argue that this is because CBT ...