A key issue for many countries and even for international organizations including "The World Bank" and "The United Nations" is how to attack poverty. In many countries of the world, millions of people are hungry, lacking shelter and clothing, sick and uncared for, illiterate and not schooled. These, all cause to reduce efficiency and productivity of labor, and hence decrease income. Also, being...

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer individuals, and establish that this relationship is similar in most countries around the world. Tur...

Recent research has found that richer countries have higher well-being than poorer countries and that the relationship is similar in magnitude to that seen between rich and poor members within countries. However, limited data have constrained previous researchers’ ability to detect whether economic growth within countries leads to greater well-being. Thus the question of whether raising the inc...

This paper attempts to isolate the causal link of income on health status and subjective well-being for the rural population in Malawi using three waves of household panel data spanning the period 2004-2008 from the Malawi Diffusion and Ideational Change Project (MDICP) and the Malawi Longitudinal Study of Families and Health (MLSFH). Malawi is a low-income country with high background morbidit...