This paper utilizes two measures of subjective well-being to test a hypothesis that marginal increase in associated with income is larger for poorer than richer populations. examined the setting Slovak Roma, who are poor comparison non-Roma population. The results suggest correlation between and satisfaction greater lower-income group (the Roma) higher-income (majority population). However, emo...

Whether relative income or absolute income could affect subjective well-being has been a bone of contention for years. Life satisfaction and the relative frequency of positive and negative emotions are parts of subjective well-being. According to the prospect theory, hedonic adaptation helps to explain why positive emotion is often so hard to be maintained, and negative emotion wouldn't be easy...