- Melbourne Institute of Applied Economic and Social Research - Research Publications
Melbourne Institute of Applied Economic and Social Research - Research Publications
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ItemWho enjoys the fruits of growth? Impact of governments and markets on living standards in Germany, the Netherlands and the U. S. A., 1987-1996Headey, B ; Headey, S ; Muffels, R ; Janssen, C (SPRINGER, 2004-01)
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ItemThe effects of wealth and income on subjective well-being and ill-beingHeadey, B ; Wooden, M (WILEY, 2004-09)The accepted view among psychologists and, increasingly, economists is that household income has statistically significant but only small effects on measures of subjective well‐being. Income, however, is clearly an imperfect measure of the economic circumstances of households. Using data drawn from the 2002 wave of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, this paper demonstrates that wealth, which can be viewed as providing a degree of economic security, is at least as important to well‐being and ill‐being as income.